VTel decided that internally, and was already referring to 1Gbps internet back in 2010.
FORBES: How Government Money?Helped A Small, Rural Phone Company Undercut Google Fiber
PictureTel and VTEL haven't done so well: Their shares are down 85% from their alltime highs.
When VTel got the USDA subsidy, it said the government-backed networks would create 1, 800 jobs in Vermont.
FORBES: How Government Money?Helped A Small, Rural Phone Company Undercut Google Fiber
PictureTel and VTEL haven't done so well: Their shares are down 85% from their all time highs.
But VTEL management was reluctant: It had a nice little business selling complex systems to schools and hospitals.
But VTEL's management was reluctant: It had a nice little business selling complex systems to schools and hospitals.
While just over half of VTel households had signed up for DSL, some 83% of the eligible 600 households have signed up for 1Gbps fiber.
FORBES: How Government Money?Helped A Small, Rural Phone Company Undercut Google Fiber
VTel says it was initially denied federal funding for fiber upgrades, then got it after Google announced its plans for Fiber, according to the WSJ.
FORBES: How Government Money?Helped A Small, Rural Phone Company Undercut Google Fiber
That's about half the price of an equivalent plan in Google's fabled fiber service, but even more exclusive, with just 600 of VTel's subscribers opting in.
In the second and third quarters of this year, reports TeleSpan analyst Elliot Gold, Polycom was the unit sales leader, selling 7, 759 ViewStation systems to PictureTel's 7, 180 and VTEL's 2, 000.
But the microprocessor revolution was sweeping VTEL into obscurity.
Today VTel confirmed that 600 out of the 17, 500 households it covers in Vermont could access its new, 1Gbps fiber network, adding to the small minority of Americans on Internet speeds that are 100 times faster than the average connection.
FORBES: How Government Money?Helped A Small, Rural Phone Company Undercut Google Fiber
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