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TMNG Global Helps Cellular One Getting Federal Broadband Stimulus Award
Sep 03, 2010
By Raju Shanbhag, TMCnet Contributor
TMCnet
Cellular One of East Central Illinois has received $13 million Federal Broadband Stimulus award in support of the development of broadband services in Eastern Illinois. To help the company get this funding, CSMG, the strategy advisory subsidiary of TMNG Global, assisted Cellular One.
Cellular One's successful application was made possible mainly because of CSMG's proprietary three-stage methodology, states TMNG Global (News - Alert). Apart from developing a business case to demonstrate the need and sustainability, and evaluated the public good, CSMG provided the detailed analysis and expert support needed to assess the opportunities. With this funding award, Cellular One can provide advanced wireless broadband services to many of its customers.
TMNG Global is a leading provider of professional services to the converged communications media and entertainment industries and the capital formation firms that support it.
‘Not only will this grant address the critical need to build out broadband services in Eastern Illinois, but more importantly, it will make a significant contribution to the long term economic growth of communities in the region," said Richard Nespola, chairman and CEO of TMNG Global. "Only a handful of cellular companies thus far have received broadband stimulus funding and we are honored to have assisted Cellular One.”
Cellular One believes that the company could not justify the expense of building out to the new areas without CSMG's assistance and without these grants. The company is the only wireless carrier based in and dedicated exclusively to serving East Central Illinois. The stimulus grant awarded to Cellular One benefits more than 66,000 people, over seven thousand businesses, and approximately seven hundred community groups.
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