Beyond the BEAD Subsidy: It’s not just about government money. Why private capital is key to winning BEAD and executing successfully.
August 6 – 11:00 am to 11:45 am
Governor's Square 14
![](https://mountainconnect.org/wp-content/uploads/2024/07/Grayer_Evan_6x6_IMG_4783-002-300x300.jpg)
Being a successful BEAD applicant is not only about securing grant funds. To be successful, applicants will need sufficient private capital to credibly propose a winning private match of at least 25% of the project costs (with some exceptions, of course), obtain a letter of credit or similar instrument from a financial institution, and convince state broadband offices that they have the financial wherewithal to construct the network and finance the ongoing operation. This panel has extensive expertise investing in large and small broadband businesses involved in public-private partnerships. They will share thoughts on the BEAD program’s financial requirements and offer suggestions on approaches to private equity and debt financing that will enhance an applicant’s chance of winning subsidy and ultimately financing the build, working capital, and operations. Topics will include the importance of selecting an experienced equity partner, the letter of credit requirement, available debt financing, and the importance of detailed business planning.
Speakers
![](https://mountainconnect.org/wp-content/uploads/2024/07/AB-Headshot-e1721670556246-283x300.jpg)
Alejandro Batista
Searchlight Capital Partners: Managing Director![](https://mountainconnect.org/wp-content/uploads/2024/07/Darren_Glatt-Headshot-Oct-2023-238x300.jpg)
Darren Glatt
Searchlight Capital Partners: Partner and Head of Infrastructure Investing![](https://mountainconnect.org/wp-content/uploads/2024/07/CH-Headshot-240x300.jpg)
Chuck Hogg
All Points Broadband: SVP![](https://mountainconnect.org/wp-content/uploads/2024/08/Ajit-Pai-Headshot-e1722619533161-300x300.png)