QUESTION
Why is the Big Apple Connect budget increasing for FY 2025, and who are the service providers?
0:51:53
·
38 sec
The Big Apple Connect program's budget for FY 2025 increases due to higher service adoption rates that incur additional costs.
- The Chief Technology Officer explains that costs rise as more people use the service.
- The service operates on a consumption-based payment model.
- An 80% adoption rate significantly contributes to these costs.
- Altice and Charter Communications are confirmed as the Internet service providers for the program.
Jennifer Gutiérrez
0:51:53
And now I we did see there's an increased budget for Big Apple Connect and FY 25.
0:51:58
Can you explain why?
Matthew Fraser
0:52:00
Because as adoption goes up, we incur additional cost.
0:52:03
Remember what we pay annually.
0:52:05
What we pay we're not paying we only pay for what people actually consume.
0:52:10
So that 80% adoption rate, that's what we're actually incurring the cost for.
0:52:15
So as adoption continues to increase, then the cost of the program will go up according with that as well.
Jennifer Gutiérrez
0:52:21
Okay.
0:52:21
And then The providers of the Internet service remain Altice.
Matthew Fraser
0:52:29
And Charter Communications.
Jennifer Gutiérrez
0:52:30
And Charter.
0:52:31
Okay.