When considering a public network solution, it is critical to remember that the public and private sectors have significantly different decision-making lenses. The private sector, whether publicly traded or privately held, has profit as its prime motivator. The profit and loss statement (P&L) and the balance sheet are the key measures of success. In fact, the leadership of a publicly traded company has a fiduciary responsibility to seek the highest possible return on investment for the shareholders. A privately held company—especially a small, locally owned firm—can consider other factors as well.
On the other hand, a public network has community benefit as its primary purpose. The network’s P&L and balance sheet include additional lines absent from those of private network owners, such as school technology initiatives, public health, and economic development. Budgets are indicative of an organization’s values, and public networks’ budgets clearly express their community-focused priorities.
Fiber-optic cabling, fiber conduit, and network operations centers all have a useful life of at least 25 years. Cities and counties generally use long-term bonds to finance infrastructure, matching the term of the loan to the infrastructure life span. This patient capital increases the network’s financial viability and spreads costs to current and future users. In contrast, private companies and their lenders require a much faster return on the capital investment with shorter borrowing time frames.
In addition to financial sustainability, key community goals might include:
- Ensuring that all residents have high-quality, affordable access
- Provide free internet to students
- Offer pricing to match the benefit of the FCC’s Affordable Connectivity Program (ACP)
- Spurring economic development
- Serve on local economic development boards
- Provide dark fiber as an economic development incentive
- Promote a tech-savvy community
- Supporting the local education system
- Interact with the education system at all grade levels
- Offer job shadowing/internships
- Provide connectivity
- Providing good local jobs
- Offer full-time jobs with benefits
- Offer career path ladders
- Supporting the local health care system
- Enable telehealth applications
- Provide tech support to homebound residents
- Keeping dollars local
- Ensure that subscriber dollars stay in the community
- Use local suppliers
- Improving quality of life
- Reinforce that all the above make a community a better place to live
Public infrastructure can also be a strong foundation for the more effective delivery of public services, including smart city applications, public safety networks, smart electric and water meters, streetlights, and traffic signals. Local governments can easily try new innovations with little or no cost for connectivity and then broadly deploy successful applications. Imagine the ongoing costs of hundreds or thousands of connections when dependent on a non-public network—that can stop innovation before it even starts.
Another advantage is the ability to deploy public Wi-Fi access points in public buildings, parks, community centers, and targeted residential areas.
Finally, a public network provides a built-in match for grants of all types. By being able to offer free or discounted connectivity, the local government and the community not-for-profit sector become immediately more competitive.
