Seattle has apparently found partners to lease excess capacity on its fiber-optic network.
Mayor Mike McGinn has scheduled a news conference for Thursday morning at which he is expected to announce a plan to develop an “ultra-fast broadband network.”
Among the participants at the event will be Mark Ansboury, president of Gigabit Squared, a Washington, D.C.-based company that’s working on municipal broadband servies. Gigabit Squared raised $200 million from networking equipment companies and others to develop broadband projects.
Seattle already has some of the world’s fastest broadband available to businesses and the University of Washington and spent a decade studying ways to bring fiber-optic service to homes throughout the city.
Plans for a citywide, municipal broadband plan were abandoned last summer when McGinn opted to instead part out the city’s fiber network, offering portions to interested partners.
The UW is also participating in the venture and will be hosting the news conference at the Paul G. Allen Center for Computer Science & Engineering.