Groups Launch $200M Gigabit-per-second Broadband Project

alphadogg writes "An Ohio startup company has raised $200 million to fund gigabit-per-second broadband projects in six university communities across the U.S., the company announced Wednesday. Gigabit Squared will work with the University Community Next Generation Innovation Project (Gig.U), a coalition of 30 universities focused on improved broadband, to select six communities in which to build the ultra-fast broadband networks, they said. The two organizations will select winning communities between November and the first quarter of 2013, Mark Ansboury, president of Gigabit Squared, said. The new project comes at an important time, when many commercial broadband providers have stopped deploying next-generation networks, said Blair Levin, executive director of Gig.U and lead author of the FCC's 2010 national broadband plan."