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Starting a Tribally Owned Telecom

Starting a tribal telecom in today's economy is challenging but crucial for achieving long-term economic benefits. While immediate profits may be elusive, providing high-speed, affordable internet is essential for economic sovereignty in the 21st century. With declining federal support and an evolving telecom landscape marked by increased consolidation, tribal communities have the opportunity to create shared visions and commitments. This effort requires strategic partnerships, experienced management, and careful financial planning to secure necessary funding and community support.

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Starting a Tribally Owned Telecom

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  1. Starting a Tribally Owned Telecom Tribal Telecom 2013

  2. Why start a Tribal Telecom today? - Will your Tribal Telecom generate rich profits? Likely Not - Will your Tribal Telecom generate long term economic Benefits? Yes - Is inexpensive, high-speed Internet required for economic sovereignty in the 21st Century? Yes

  3. Today’s Environment: less money, less credit • The stimulus has passed • Government budget cutting (and therefore continued economic stagnation for the majority) remains fashionable in Washington • Declining federal subsidies for rural phone companies • Credit is more difficult to secure for small businesses

  4. The Big Picture: US Telecom and Broadband • Rapid, Radical change in the industry • Residential landlines are in steep decline (95% to 65%), Cellular and Broadband are growing • VoIP is emerging • Increased consolidation and monopoly behavior • AT&T and Verizon – Wireless • Comcast and Time Warner Cable – Broadband via old technology, copper US continues to lag other advanced economies in making inexpensive broadband widely available (bottom 1/3rd cannot afford)

  5. Checklist • Shared Community Vision and Commitment – It will be difficult • Funding – RUS / CoBank • Your banker will help you determine if you have a valid business plan with sufficient future cash flows. NTTA member companies would be happy to review your business plan confidentially if you would like. • FCC Office of Native Affairs and Policy (ONAP) Assistance • Management Talent – find a Telecom Executive with a successful track record • Board Talent – Find experienced telecom and finance professionals if possible • Staff Talent – You must import some experienced talent

  6. Checklist • Support firms specific to Telecom: Engineering, Accounting and Legal • R-O-W Plan must be Community/BIA approved upfront and a part of your business plan. Development of a utility grid is ideal • Finalize infrastructure acquisition negotiations, if any, before staffing the company • Public/Private partnership? Choose your partners wisely.

  7. Thank You

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