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August 15, 2007

Long Island Wi-Fi Project Stuck to, um, I mean, Awarded to

So e-path is the winner of the Long Island Wi-Fi project.  Good luck to them finding the capital to build it out and the subscriber base to return the capital, cover operating expenses, ( pole rental, electricity, plus management ) plus profit.  I am presuming that they were selected almost by attrition, as Earthlink and Metro-Fi probably pulled their bids during the process, and the other bids were sensible and wanted some kind of revenue commitment.  I will gasp in amazement if they are able to pull it off.  Time will tell, and I wish them luck.  It will be interesting, because one of the first phases will be to secure mounting rights ( leases ) to county property, and once those are signed, they become very valuable, even if the company goes belly up, because they should be able to be transferred to an acquiring or successor company.  It will also be interesting when the business model proves to be unsustainable, will there be a new RFP process, or will e-path's acquirer be able to hang on to the exclusivity and move forward with a different approach?
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