ERF seeks $20m in Recovery Act funds - Telecom News Analysis

ERF Wireless Inc. says it will ask the U.S. government for around $20 million in broadband stimulus money to build out three separate WiMax projects in rural America. The government released $4 billion of a planned $7.6 billion in broadband stimulus money last week. Now firms like ERF and TowerStream Corp. (Nasdaq: TWER) are planning to apply for grants and loans, as allowed by the Recovery Act. (See Small Wireless Firms Get Set for Recovery Funds.)

"We would be looking to go for something at least in the 20 million [dollar] range," Dr. H. Dean Cubley, chairman and CEO, tells Unstrung. He says that this could increase to $100 million if ERF can partner with other companies around stimulus package projects...