In his quarterly report to the Public Finance Authority in February, Stephan Adams, president of viNGN, outlined plans to get free WiFi for every public housing residence. He said this would help close the digital divide. Board members questioned how this was possible to do without raising the cost for residents who are getting services through private internet service providers (ISPs). In March, the Source contacted Adams to clarify some of the projects and ramifications of viNGN services.
Local ISPs buy their bandwidth from viNGN. In 2020, the revenue from selling bandwidth to ISPs was $3.6 million, and in 2021 it was $4 million. That accounts for 95 percent of viNGN’s income. viNGN’s operating expenses for those were over double its income — $9.8 million and $9.3 million for those years.
- Read the entire article: “viNGN Bringing Free WiFi Throughout the Territory” in the VI Source