HardOCP News
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- Dec 31, 1969
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IBM is teaming up with International Broadband Electric Communications to bring broadband over power lines to rural areas. For IBMs part, the company signed a deal worth almost $10 million with the electric company to provide and install the hardware.
Their strategy is to sign up electric cooperatives that provide power to sparsely populated areas across the eastern United States. Rather than compete toe-to-toe with large, entrenched cable or DSL providers, IBEC is looking for customers that have been largely left out of the shift to high-speed Internet. Signing on IBM, perhaps the highest-profile company to buy into the idea, could juice a technology that has failed to make much of an imprint.