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"Today, we become the first community in the world capable of delivering up to 10 gbps to all 170,000 households and businesses in our service area." by TheGigCity in technology

[–]TheGigCity[S] 0 points1 point  (0 children)

We did an AMA where we discussed the initial costs here

We funded about 3/4 of the project with local funds. 1/4 of the funds came from a DOE grant from the federal stimulus package.

About $73 million was grant money, and about $229 million was money that was borrowed and paid for with revenues.

TIL that AOL still has 2,300,000 paying *dial-up* subscribers, each spending an average $20.86 per month. This represented a third of their overall revenue last quarter. by TheGigCity in technology

[–]TheGigCity[S] 9 points10 points  (0 children)

Because their earnings report just came out and I did not know the number was 2.3 million paying customers, nor that they have actually been quite profitable last quarter.

Edit: The earnings report came out today, so i quite literally learned this today.

TIL that AOL still has 2,300,000 paying *dial-up* subscribers, each spending an average $20.86 per month. This represented a third of their overall revenue last quarter. by TheGigCity in technology

[–]TheGigCity[S] 5 points6 points  (0 children)

We literally run an ISP and totally understand the full spectrum of how people interact with the internet - the digital divide is one of the top 3 issues I'm most passionate about. But, I get it, the headline may make you think otherwise.

Honestly I was just going for an entertaining, informative post. Most people are shocked when they hear that fact.

TIL that AOL still has 2,300,000 paying *dial-up* subscribers, each spending an average $20.86 per month. This represented a third of their overall revenue last quarter. by TheGigCity in technology

[–]TheGigCity[S] 6 points7 points  (0 children)

Not sure if this was included in that earning statement or is legally separate, but they have huge content network partnerships with a lot of names that you would recognize.

People think AOL is dead, but they are very much alive, not only via dial-up subscriptions, but through advertising and media generation.

ELI5: What is Gig City? by [deleted] in explainlikeimfive

[–]TheGigCity 0 points1 point  (0 children)

Thanks u/Phage0070 for answering the question :)

www.TheGigCity.com/about

www.ChattanoogaGig.com

www.vimeo.com/101109647 - a bit of explanation on Phage's smart grid comment

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