Cable / Telecom News

More info needed on Canada Infrastructure Bank’s new $2-billion broadband fund


By Christopher Guly OTTAWA – The federal government’s Thursday announcement to spend another $2 billion on expanding broadband access to underserved communities as part of a $10-billion basket of infrastructure initiatives through the Canada Infrastructure Bank’s (CIB’s) Growth Plan leaves many unanswered questions. “How is it going to be delivered? What’s the timeline? What communities will be prioritized?” wondered John Nater, the Conservative shadow minister for rural economic development. “We understand these will be loans, but we don’t know whether the interest rate will be competitive and how it will differ from commercial lending agencies.” “I don’t have a ton...