Insights

Notes on rural broadband economics

Market analysis, federal programme mechanics, and the operating detail behind what these businesses are actually worth. Published monthly.

September 2026 · 8 min

What a buyer will do to your P&L

Five normalizations show up in almost every rural ISP transaction. Understanding them before you are in diligence is worth more than any negotiating tactic, because four of them can move the price and one of them is usually an error in the seller's favour that will not survive.

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September 2026 · 9 min

What BEAD actually obligates a subgrantee to do

The award announcement is the easy part. The subgrant agreement carries buildout milestones, pricing commitments and covenants that outlive the construction by years, and most owners have never read theirs line by line.

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