Ethernity Networks says US government's BEAD programme presents big opportunities
London, UK
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March 14, 2024 08:22 AM Eastern Daylight Time
Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) Vice President of Marketing and Business Development Ilan Tevet joins Proactive's Stephen Gunnion with more details of the US government's Broadband Equity, Access, and Deployment (BEAD) Program under President Biden, aimed at enhancing broadband accessibility in rural areas with insufficient internet connectivity.
Tevet said initiatives like the Rural Digital Opportunity Fund and its subsequent expansion to a $42 billion program reflect a concerted effort to improve digital inclusion, economic participation, and educational opportunities through enhanced broadband infrastructure.
Following Ethernity's participation in WISPA America, Tevet also discussed the evolution of the wireless ISP market in America, particularly in rural regions, transitioning from reliance on fixed wireless technologies to a hybrid approach incorporating wireline solutions.
This shift, driven by the recognition of GPON networks' ability to deliver high-bandwidth, cost-effective, and future-proofed connectivity, presents both challenges and learning opportunities for wireless ISPs and vendors. The adoption of new skills, such as fibre optic deployment, is essential for these entities to capitalize on the substantial federal funding available for broadband expansion.
For Ethernity Networks, Tevet said these developments signal significant growth opportunities. The company's extensive experience in Carrier Ethernet and GPON, alongside its integrated system-on-chip components, positions it to offer innovative solutions that cater to the evolving needs of both fixed wireless vendors and ISPs. This strategic alignment with market transitions and funding incentives allows Ethernity Networks to anticipate further expansion and influence in the broadband infrastructure sector.
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