- Congress’s temporary $3.2 billion broadband subsidy program has seen over 2.3 million U.S. households subscribed, Reuters reported based on the Federal Communications Commission (FCC) data.
- Over 1,000 broadband providers have agreed to support the program aimed towards the lower-income and pandemic afflicted Americans to provide internet access to the underserved communities.
- Some providers expect the program initiated on May 12 to run out of funds in four to six months.
- Verizon Communications Inc VZ, T-Mobile US Inc TMUS, AT&T Inc T are some of the U.S.’s major broadband providers.
- Reuters notes there are 33.2 million households eligible for the subsidy.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
