RUS Announces Loans to Build 1000 Miles of FTTH Networks

In all, the USDA agency is announcing almost $40 million in loans for projects in Georgia, Illinois, Iowa, Kansas, North Dakota, Montana and Oklahoma. The telephone companies and cooperatives that have been selected to receive the financing will construct more than 1,000 miles of Fiber-To-The-Premises (FTTP) systems. USDA Rural Development funded more than 16,000 miles of FTTP projects during fiscal year 2010 to upgrade, expand or replace networks and perform system maintenance.  Read the USDA press release....