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February 10, 2005
RCN settles with city for $53 mil. in cable services
BY FRAN SPIELMAN City Hall Reporter
The City of Chicago will expand its fiber optic network, due to a settlement from RCN Cable. This settlement cam out of violations by RCN of the city's cable television ordinance.
RCN will let the city use a 388-mile fiber network for the next 75 years and to maintain and upgrade that network during the next five years. This is valued at $48.5 million. The resulting network expands the city's existing 600 miles of fiber.
According to Consumer Services Commissioner Norma Reyes, "RCN defaulted in over a dozen cities, including San Francisco and Boston. ... No other municipality has received the deal that we ... were able to negotiate. ... If they sell it, we still have the right to use this fiber. If they abandon it, it becomes our fiber".
Posted by rshah at February 10, 2005 08:09 PM
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