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TMCNet:  Pride Network gets $36 million federal funding for network development

[September 14, 2010]

Pride Network gets $36 million federal funding for network development

Sep 14, 2010 (Datamonitor via COMTEX) -- Pride Network, a wholly-owned subsidiary of Xfone, has received a $36.1 million grant from the US Department of Agriculture Rural Utility Service to build a fiber-to-the-premise, or FTTP, network in southern Louisiana.

The company's 'Pride 3' project will receive an $18.4 million loan and a $17.7 million grant to deploy a FTTP network for providing broadband service to St Helena, Washington, and Tangipahoa Parishes.

The project will benefit approximately 25,000 residents, 3,000 businesses and about 200 community facilities. The company estimates the project will create 1,300 jobs. Republication or redistribution, including by framing or similar means, is expressly prohibited without prior written consent. Datamonitor shall not be liable for errors or delays in the content, or for any actions taken in reliance thereon

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