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Morgan City hears Utopia broadband update; network reports 1,190 subscribers and is described as self‑sustaining
Summary
A Utopia representative updated Morgan City Council on the municipal fiber network’s local take rate, finances and services, saying the system serves 1,190 local subscribers, covers its operating costs from subscriber revenue and required no additional city payments to date.
Roger Timmerman, a Utopia representative, gave Morgan City Council a 30‑minute update on the municipal fiber network during the Sept. 23 meeting, summarizing subscriber growth, finances and service features.
Timmerman told the council Utopia’s Morgan project now has 1,190 residential subscribers and that network revenues cover operations and debt service, which he described as making the system “sustainable” without additional cost to the city. He said the bonds issued at the project’s start required about $169,000 a year in debt service when priced, and that actual market terms were close to that estimate.
The presentation framed Utopia as an “open access” fiber network that hosts multiple retail providers. Timmerman said customers can choose from many providers on a single physical…
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