Citywide gigabit network expected to cost as much as $5 billion
LA has announced a very lofty goal of getting gigabit speed Internet connectivity to every home, business, and government building within Los Angeles. The city of Los Angeles wants Internet access for every one of its 3.5 million residents. The city plans to issue a RFP seeking a company to run fiber to every home, business, government building within the city limits.
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Interestingly, the city doesn't want to spend any of its own money on this new Internet system. It wants the chosen provider to do everything out of their own pocket. However, the provider that does spend the estimated $3-$5 billion to build the network would have access to a huge number of potential customers.
However, the chosen carrier would have to sell wholesale access to other carriers. The company builds up network could offer television and telephone services as well. The network would offer free broadband Internet that could be supported by ads to everyone with plans available to purchase offering gigabit speeds.