TO implement a federally funded project under the Broadband Equity, Access, and Deployment Program, a $31 million broadband subgrant agreement between the CNMI government and IT&E was signed Wednesday.
The project aims to benefit 10,000 households by providing access to a “100% underground, climate-hardened, end-to-end fiber optic network.”
The total cost of the project is $53 million, with about 60%, or $31 million, funded by the CNMI government through the Broadband Policy and Development Office. The remaining 40%, or nearly $22 million in matching funds, will be invested by Micronesian Telecommunications Corporation’s IT&E.
More details to follow.
