RDOF awards will help Etheric Networks bring broadband to underserved communities in California
This year Etheric Networks has taken several major steps towards a transformative expansion of our company. In the spring we applied for California Advanced Services Fund (CASF) grants for underserved communities in Monterey and San Benito Counties.
In the summer we secured spectrum on the Citizens Broadband Radio Service (CBRS) band for Monterey, San Benito and nine other Northern California counties.
This fall saw us competing with nearly 400 other providers in the FCC’s Rural Digital Opportunity Fund (RDOF) auction. The auction results were released today, and Etheric will receive over $248M in funding over the next 10 years to deploy high-speed broadband to over 64 thousand locations in California.
These funds will provide us with unprecedented capital resources to expand and provide high-quality Internet to California’s rural areas, furthering our mission to serve the under-represented population segments of our state.
FCC Chairman Ajit Pai said: “I’m thrilled with the incredible success of this auction, which brings welcome news to millions of unconnected rural Americans who for too long have been on the wrong side of the digital divide. They now stand to gain access to high-speed, high-quality broadband service… This auction was the single largest step ever taken to bridge the digital divide and is another key success for the Commission in its ongoing commitment to universal service.”
Since 2003, Etheric has been committed to providing high-quality Internet service by investing capital into innovative technology that enables, supports and continuously improves connectivity for our customers. We will leverage our new-found technology muscle and sources of funding to realize a transformational change that not only results in our achieving significant commercial success, but also fulfills our commitment to a socially responsible mission.
Our purpose as a firm is to help create positive, enduring change
Today’s news marks a new chapter for Etheric, and we invite you, our valued customers and friends, along for the ride. We wish to partner with individuals, organizations and communities to create the synergy necessary to fulfill our mission and become valued shareholders in a commercial enterprise that is positioned for explosive growth.
Through this arrangement, we would share our innovative commercial projects and, most importantly, include your knowledge and experience as advisors to help steward our rapid commercial growth.
We are looking forward to this exciting journey. If this is of interest to you, kindly contact us so we can begin the process.
Alexander Hagen – CEO/Founder