TrueNet
telecommunications infrastructure ,” Bao explains . “ Thanks to these government initiatives , we are on the precipice of an enormous paradigm shift within our industry . The 2021 Infrastructure Bill alone is set to award $ 60 billion in the form of loans and grants in order to provide every American access to high-speed internet . Such a massive injection of capital will create an exciting new dynamic , unlike anything we ’ ve seen before .
US states have already started their application and bid processes for available funds , through which telephone companies , cable companies , non-traditional providers and utility providers will in turn be able to bid for funds to build the fiber connections .
“ We are about to see a huge swell of activity in US geographies that quite frankly none of us has really ever focused on before ,” Bao notes . “ One of the knock-on effects of this radical modernization is that telephone and cable companies who are yet to upgrade to fiber optic cables , will now need to do so in order to stay competitive .”
Such extraordinary developments , in a relatively young industry , begs the question as to who will construct and engineer the necessary infrastructure for these changes . On that point , TrueNet has been observing the market and preparing for some time now .
“ How do you create more , with less , and how do you bring new talent into the industry ?” Bao asks . “ Those are going to be the two biggest factors that impact contractors and vendors over the coming years . We ’ ve invested a lot of time and money into the research and development of new technologies . As well as this , we ’ ve ramped up our internal recruitment process and the emphasis we place on staff trainers , who are working year-round to ensure that we have a broad bench of resources from which to pull . There aren ’ t enough people with the necessary experience .”
Despite this , Bao is positive about the outlook for the US . “ Nearly 27 million households are without access to high-speed internet in the US ,” Bao concludes . “ But soon enough , those 27 million households will have not just one , but maybe two or three options to choose from .” With the likes of TrueNet at the helm , the continent can look forward to a more connected future . ■
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