Walking the floor of the Consumer Electronics Show last week, I kept thinking of that line from Jaws, “You’re going to need a bigger boat.” All the Internet-connected, data-hungry gadgets that are coming to market sent a strikingly clear message: we’re going to need faster broadband networks.
Making sure the U.S. has super-fast, high-capacity, ubiquitous broadband networks delivering speeds measured in gigabits, not megabits isn’t just a matter of consumer convenience, as important as that is. It’s essential to economic growth, job creation and U.S. competitiveness.
The Economics Of The Google Gigabit Bruce UpbinForbes Staff
How Kansas Won the Google Fiber Jackpot And Why California Never Will Elise AckermanContributor
Will Google Fiber Waste $28 Billion? Peter CohanContributor
CES: FCC Moving To Add WiFi Spectrum, Genachowski Says Eric SavitzForbes Staff
In our 21st century economy, innovation leadership is necessary for economic leadership. Our broadband infrastructure is our central platform for innovation, and faster speeds will spur innovation.
In a global economy, talent and capital can flow anywhere, and they’ll flow to countries with the strongest innovation infrastructure. We’re in a global bandwidth race, and we need to ensure the U.S. has a strategic bandwidth advantage. Without it, we risk losing our global lead on innovation, and we risk watching jobs and investment flow elsewhere.
The good news is that there’s lots of good news. After falling behind Asia and Europe, we’ve regained global leadership in mobile.
The U.S. is the first country to deploy 4G wireless networks at scale and is home to most of the world’s LTE subscribers, making the United States the global test bed for LTE apps and services.
The mobile “apps economy,” which has already created hundreds of thousands of jobs, is a made-in-the-USA phenomenon.
On the wired side, broadband networks capable of 100 megabits per second speeds passed less that 20% of U.S. homes in 2009. That number is now more than 80%, which is near the world lead. By contrast, in Europe, networks capable of 30 megabits per second reach only 50% of households.
But progress isn’t victory, particularly in this fast-moving sector.
To maintain U.S. leadership in innovation, we need to keep pushing for faster broadband networks, and we need a critical mass of innovation hubs that offer homes and businesses access to gigabit broadband. This would bring supercomputing power to Internet users, and would drive inventions we can only barely anticipate.
We’ve already begun to see the promise of gigabit connectivity to drive innovation and investment in a handful of forward-looking U.S. communities.
Chattanooga, Tennessee built out a gigabit fiber network that has helped attract businesses like Amazon and Volkswagen, creating more than 3,700 local jobs.
In Kansas City, the Google Fiber initiative is bringing gigabit service to residential consumers, and startup tech companies have begun flocking to the area, spawning KC’s new nickname — the “Silicon Prairie.”
We see similar stories in communities as diverse as Cleveland and Lafayette, Louisiana.
Seeing this success, the mayors of Chicago, New York and Seattle have all come forward with plans to launch gigabit testbeds in their cities.
And the Gig.U initiative has already catalyzed over $200 million in private investment to build ultra-high-speed hubs in the communities of many leading research universities.
We need more of these gigabit testbeds to ensure there is a sufficient market in the U.S. for super-high-bandwidth applications and services. A critical mass of gigabit communities will spur innovation and investment.
Looks like a 1-1 share deal which explains the 1-10 RS. BCST at .09-.10 and ADGL at $1.00. So pretty much a non event on the stock price. ? really involves the combined entities and can they leverage each others technology to make a real viable entity. Better then going BK and it seems ADGL has some good customers and technology.
I was saying that there was to much IP and product to let this one go south. ADGL combined with BCST have a solid offering in a hot space. IMO the combination is now a good target for a take over by a larger company.