According to a press release from the Michigan Broadband Development Authority (MBDA), the agency “has closed on a $520,000 loan with the New York-based Shpigler Group, Inc. that will bring broadband over power line (BPL) service to two mid-Michigan communities.” The company will operate as Lighthouse Broadband.
Starting later this fall, customers in Grand Ledge and St. Johns will be able to choose BPL for their home and business Internet needs. This will be only the 5th such commercial deployment of BPL technology in the nation.
James W. Butler III, Vice President of the MBDA, said that “[i]n its short history, the MBDA has facilitated investments that have supported the largest non line of sight (NLOS) and largest line of sight wireless broadband deployments in the country.”
David Shpigler, founder and President of the Shpigler Group said that “[w]hile other higher cost capital options were available to support this expansion (venture capital, etc.), the MBDA loan is allowing Lighthouse Broadband to spend more capital where it needs to be spent: on the network itself. The MBDA has been a key partner for this project.”
The MBDA is an agency in the Michigan Department of Labor & Economic Growth. It was created “to help the state attract more private sector investment in high-speed, Internet infrastructure, and to increase demand for and utilization of broadband services.”
Mitch Shapiro at 1:25 PM|Comments(0)
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