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HomeMy WebLinkAbout20241122Cambridge Telephone Press Release.pdf Idaho Public Utilities Commission Brad Litile,Governor P.O. Banc 83720. Boise, ID 83720-0074 Eric Anderson, President Jdri R.Mammo* Jr,Cbmmissloner Edward Lodge,Commissioner Case No. CAM-T-24-01 Order No. 36398 Case No. CAM-T-24-02 Order No. 36399 Contact: Adam Rush Office: (208) 334-0339 E-mail: adam.rush@puc.idaho.gov NEWS RELEASE: Commission approves telecom's applications asking that equipment is qualified broadband equipment. BOISE (Nov. 22, 2024)—The Idaho Public Utilities Commission has approved applications submitted by Cambridge Telephone Company asking that equipment it installed in 2021 and 2022 be designated as qualified broadband equipment. Cambridge Telephone Company said it invested$2,119,986.54 in qualifying broadband equipment in 2021, and that the qualifying broadband offerings exceed a statutory requirement of 200,000 bits per second to a subscriber and 125,000 bits per second from a subscriber. Cambridge Telephone also said it had 3,378 customers in Idaho and 79 percent of its customer base had access to its services in 2021. The company said it invested$7,438,064.45 in qualifying broadband equipment in 2022, and that the qualifying broadband offerings exceed a statutory requirement of 200,000 bits per second to a subscriber and 125,000 bits per second from a subscriber. Cambridge Telephone also said it had 3,210 customers in Idaho and 87 percent of its customer base had access to its services in 2022. Idaho code allows a taxpayer to receive an income tax credit for having installed qualified broadband equipment during a calendar year. Before the taxpayer is eligible for the credit, it must apply to the commission for an order confirming the installed equipment is qualified broadband equipment as defined in Idaho code. The statute defines this type of equipment as being capable of transmitting signals at a rate of at least 200,000 bits per second to a subscriber and at least 125,000 bits per second from a subscriber and is primarily used to provide services in Idaho to public subscribers. Additional information is available at: puc.idaho.gov/case/Details/7406 and puc.idaho.gov/case/Details/7407.