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Broadband in the Boonies Gets a $267M Boost

If you live somewhere in the United States where dial-up is the only Internet access option, relax: Help is coming, and so is broadband, thanks to Denver-based Open Range Communications. The company got a hefty $267 million loan from the USDA under its Rural Development Broadband Loan and Loan Guarantee Program and will roll out broadband services in 518 rural areas in 17 states that include Illinois, Alabama, Arkansas, California, Pennsylvania, South Carolina and Wisconsin. Open Range has also buttoned up $100 million in private equity investments. This is one of the largest investments in rural broadband so far.

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