Armstrong Internet Equipment (A.I.E.) announced its plans to invest $5.5 million in an Internet equipment manufacturing plant in Georgia.The move is the latest in a string of announcements that have been made by the Georgia-based electronics manufacturer, which employs more than 7,000 people.The announcement is a further sign of the company's intentions to expand in the U.S.A.E. announced its inve...
The Internet Edge equipment, used to deliver online services such as Netflix and Facebook, is on sale for $9.99 at the New Jersey State Department of Commerce website.
The deal, which is the largest Internet Edge sales to date, was announced Tuesday.
The company that made the equipment, Advanced Technologies Group, will sell the equipment to the state for $1.5 billion, according to the New York Times.
The state will pay $1 million in a royalty payment to the company for each unit sold.
The total deal will be worth about $2.7 billion, which includes the $9-a-month Internet Edge package.
The contract was approved by the New Hampshire House of Representatives on a 17-3 vote on Tuesday.
State Rep. David E. Pinto, a Democrat from Manchester, said he plans to introduce a bill to allow the state to sell the Internet Edge to private businesses.