TMNG Global Launches Initiative to Support Application Process for Companies Seeking Grants From Federal Broadband Stimulus Programs


OVERLAND PARK, Kan., March 18, 2009 (GLOBE NEWSWIRE) -- CSMG, the strategy division of TMNG Global (Nasdaq:TMNG), a leading provider of management consulting services to the communications, media and entertainment industries, today announced a targeted initiative to support clients seeking funding from recently announced Federal broadband stimulus programs.

This offering builds upon TMNG Global's deep expertise in helping companies assess rural broadband business cases through its proprietary financial models and research sources, and its success in supporting past policy arguments and grant applications for clients with the Federal Communications Commission (FCC) and the Rural Utilities Service (RUS).

The American Recovery and Reinvestment Act provides $7.2B in grants and loans for domestic broadband projects that extend or enhance broadband service availability. Telecommunication service providers, utilities, infrastructure owners, local governments, non-profits, and community organizations are all eligible to receive funding. CSMG is prepared to serve companies seeking to apply for these funds through strategic, public good and economic analysis, business case development, operational planning, and grant application development.

"This is an unprecedented opportunity to obtain grant money to address an important social and economic issue for a large variety of players," said Richard Nespola, CEO of TMNG Global. "Companies seeking grant monies will need to understand that this is a political process and their application will need to prove that they are not only a viable business but are committed to the long-term investment, economic development and social requirements of the bill."

The guidelines set forth in the stimulus legislation offers funding to a broad range of potential projects. Support may be extended to wireless and wireline technologies, access and core network investment, and multiple target user groups spanning residential, business, education, and public safety customers. Suitability for funding will differ based on specific geographic, market, competitive, and economic conditions. Detailed analysis and expert support through the grant application development process will therefore be critical to success.

CSMG will support clients to develop detailed grant applications addressing each of these key questions.

Opportunity Assessment: Which geographies and communities are most underserved? What is the level of competition and market need? Which technologies should be employed? What are the optimal economic and operational models?

Business Case Development: What are the capital requirements? How much funding is required from the government? How much is private? What are the operating expenses and forecasted returns? Is the project one that is viable and sustainable after government support? Is it clear that the project needs public support to be commercially viable?

Public Good Summary: What benefits for the community will be achieved? How many jobs will be created? What are the economic multipliers of this activity?

CSMG is able to support application development on a turnkey basis in conjunction with its legal and network design partners or flexibly execute specific elements of each application as required by clients.

For more information, visit www.csmg-global.com.

About TMNG Global

TMNG Global (Nasdaq:TMNG) is a leading provider of professional services to the converging communications industry. Its companies, TMNG, CSMG, and Cartesian, and its base of over 600 consultants, have provided strategy, management, and technical consulting, as well as products and services, to more than 1200 communications service providers, entertainment, media, and technology companies and financial services firms worldwide. The company is headquartered in Overland Park, Kansas, with offices in Boston, Chicago, London, New Jersey, New York, Shanghai and Washington, D.C.



            

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