City approves C Spire agreement for broadband Internet
Published: November 20,2013
CLINTON — Clinton officials have unanimously approved a franchise agreement with C Spire that clears the way for city neighborhoods to start marketing themselves as the best place for 1 gigabit-per-second broadband Internet.
The agreement is for 25 years, with two 10-year automatic rollovers that Ridgeland-based C Spire can trigger unless the company gives notice otherwise at least six months in advance.
That term is more than twice as long as the city’s agreement with AT&T, whose contract runs for 10 years.
The Clarion-Ledger reports C Spire will pay franchise fees equal to the lesser of 3 percent of gross revenues the company makes from the sale of basic video services or the lowest percentage payable by a third-party provider of video services.
To sign up for Mississippi Business Daily Updates, click here.
FOLLOW THE MBJ ON TWITTERMy Tweets
Top Posts & Pages
- Mississippi no longer has highest unemployment rate in nation
- McDaniel cites Gunn's challenge in his attempt to overturn loss to Cochran
- Outside group files arguments supporting McDaniel
- Payday lender, fired executive exchanging blame for lender’s regulatory woes
- Grain buyer’s bankruptcy could take steep toll on Delta farmers
- UPDATE — David Watkins says JRA left him in dark about HUD's Farish St. involvement
- Mad Genius, Eyevox owner acquires Mississippi Film Studios
- Once the bane of only Southerners, kudzu is migrating north and west
- MDEQ fines metalworking firm over hazardous waste