writes "Up to 17,500 rural Vermont subscribers of vTel, a legacy copper telephone company stand to get gigabit fiber to the premises. Funded by a $95 million US grant and $55 million in coinvestment from a utility for smart meters, if every subscriber takes the gigabit Internet the 1,200 mile fiber network will cost $8,500 per home. Currently the company is doing its best to convince people this is a product they need, but have seen only 600 takers so far.
The federal grant is part of $7.2 billion in broadband stimulus funds that seem to have accomplished very little."Link to Original Source