Provo council approves fiber network sale to Google, but city must front $1.7 million

Provo, Utah's plan to sell its cost-plagued fiber network to Google has been approved by the municipal council, meaning it'll soon become the third Google Fiber city. However, while still not receiving any money upfront as earlier reported, it'll now have to advance $1.7 million in equipment and engineering costs not part of the deal before, according to the Salt Lake Tribune. In exchange, each Provo resident will get a free 5-megabit internet connection for seven years and Google will have to upgrade the network to connect all the city's homes. It's not quite free, however, as the city's 120,000 residents must still pay a $39 million bond for building the network -- meaning they'll shell out $3.3 million for each of the next 12 years.

Filed under: Internet, Google

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Source: Salt Lake Tribune

Source: http://www.engadget.com/2013/04/25/provo-council-approvals-fiber-network-sale-to-google/?utm_medium=feed&utm_source=Feed_Classic&utm_campaign=Engadget

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