Posted: Feb 18, 2010 5:16 AM by Andrea Fontenot
Source: Associated Press
The federal government has awarded grants and loans totaling $33.5 million to two Louisiana broadband companies to expand high-speed Internet into rural areas.
The money comes from the federal economic stimulus program.
Allen's TV Cable, Inc., which serves Morgan City and several other areas, received a $3.6 million loan and a $3.5 million grant to extend fiber circuits into rural areas of three parishes.
LBC LHC received a $16.7 million loan and a $16.7 million grant to expand existing broadband service into rural areas around Moss Bluff, Oakdale and Vinton.
The projects are among 11 high-speed Internet projects approved nationwide, with $277 million in funding.