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volta news

  • 25-06-2001 10:42PM
    #1
    sceptre
    Registered Users, Registered Users 2 Posts: 19,607 ✭✭✭✭


    Don't know how many of you subscribe to the volta newsletter
    (Subscribing by Email: Send an email to info@volta.net with the word subscribe in
    the body of the message)

    but here are some snippets from today's:

    Irish Government Cut Back
    The Irish government has cut the budget of both MediaLabEurope and the
    Dublin Digital Hub back to £60 million, from the £100 million originally
    announced. The Taoiseach, Mr. Ahern has been quoted as saying that this
    'adequate for a project that is looking into the future'. He said that any
    further investment should come from the private sector. The Government has
    already give MediaLabEurope some £28 million to buy its premises at the
    Guinness Hopstore.

    180 degree turn for 360networks
    = = = = = = = = = = = = = = = = = = = = = = = = =

    Canadian broadband network service company, 360networks may be close to
    bankruptcy. The firm was one of the great hopes in the Irish Internet
    industry last year, after it opened a cable landing station in Dublin's
    Clonshaugh Industrial Estate. This endeavour cost something in the region
    of USD$70 million, and involved some 12,200km of transatlantic fibre optic
    cable.

    The company, which is currently engaged in constructing a network costing
    some USD$7 billion, is being forced to totally re-organise itself after
    apparently running into cash-flow difficulties, and apparently needs to
    raise USD$300 million in 10 weeks.

    Broadband For All
    In a time when the future of broadband seems murky, both the Swedish and
    Dutch governments have decided to subsidise high-speed Internet access to
    homes, via optic-fibre. Hopefully this will get other European governments
    moving in the same direction - but as of yet, there is scant evidence to
    suggest they are. Both projects, while arose separately, have sparked
    thought on how to best encourage the development of high-speed Internet
    access.
    In the US two bills are in front of the House of Representatives - together
    they provide $3 billion in loans to broadband providers. This is to
    encourage service providers to provide high-speed services to rural and
    underserved areas.


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