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FCC to invest $1.5 billion over 10 years in expansion of rural broadband

August 29, 2018

With the U.S. Federal Communication Commission’s Connect America Fund auction on the books, some 103 service providers will receive $1.488 billion over the next decade to build out rural broadband infrastructure to a projected 713,176 homes and businesses in 45 states. The FCC says those locations will have access to broadband speeds of at least 100 Mbps.

FCC Chairman Ajit Pai said the “first-of-its-kind auction” is “the most appropriate and cost effective way to allocate funding for broadband in these unserved communities, bringing the highest-quality broadband services to the most consumers at the lowest cost to the ratepayer.”

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