It’s a planned $50 million investment to create a fiber-to-the-home network for most of Bloomington.
That’s the way an announcement from Bloomington mayor John Hamilton’s office on Friday afternoon framed some local broadband internet access news.
According to the city of Bloomington news release, the company making the $50 million investment is Meridiam, which is a global firm focused on infrastructure development. If all goes as described in Friday’s news release, construction of the network could start before the end of 2022.
According to Friday’s news release, a contract with an unnamed internet service provider (ISP) would ensure that Meridiam’s network will offer symmetric service (equal upload and download) of at least 1 gigabit per second everywhere in Meridiam’s Bloomington network.
Based on Friday’s news release, the city of Bloomington will have to bring a lot to the table as well. Continue reading “Bloomington announcement on broadband fiber deal leaves some questions unanswered”