Vermont Lawmakers Asking For $116 Million Telecom Project Audit

Telecom company VTel Wireless was awarded an $81.7 million grant and a $35.2 million loan in 2010 for a fiber-optic cable project for households and institutions in the Springfield, VT, area, dubbed “World of Wireless.” Additionally, the money was to go toward building 119 towers and antennas for a system of wireless broadband in rural areas in the state. When applying for funding, VTel also promised to invest millions of its own money toward the project, which was to be completed in the summer of 2013 after an extension. Continue Reading