DEFINITION of ‘Last Mile’
A phrase used in the telecommunications and technology industries to describe the technologies and processes used to connect the end customer to a communications network. The last mile is often stated in terms of the “last-mile problem”, because the end link between consumers and connectivity has proved to be disproportionately expensive to solve.
BREAKING DOWN ‘Last Mile’
Even compared to the costs associated with rolling out broadband wire and hardware across the expanses of the globe, last-mile connections have been plagued with technological issues and high costs. As a result of this, there are many publicly traded companies engaged primarily in last-mile solutions and services.