Cable, Internet Companies Stand to Gain From Broadband Funding in Infrastructure Bill

WASHINGTON—The $1 trillion infrastructure bill moving through the Senate this week stands to be a windfall for cable and fiber-optic internet companies, with $65 billion allocated to improve internet access for poor and isolated communities.

The plan, which must still be reconciled with a House version, would help home internet providers such as AT&T Inc. and Charter Communications Inc. by providing $40 billion in grants that states can dole out to operators that expand their networks to households that lack high-speed service. AT&T plans to self-fund its fiber-optic network expansion to cover millions of new locations in the coming years. Its chief executive, John Stankey, has said government support in other areas would be “icing on the cake.” Charter Chief Executive Tom Rutledge has said the cable company can expand its network efficiently with help from government subsidies.

This needs heavy oversight, these companies are not altruistic.

Gotta make sure the NSA has everything they need to catch those pesky domestic terrorists.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Hollywood’s Sunset Studios Heading to U.K. With $1 Billion Facility InvestmentSunset Studios, the Hollywood studio facility that set the stage (literally) for hits such as “La La Land” and “When Harry Met Sally,” is headed to Hertfordshire in the U.K.… TREAT YOURSELF TO A MAJOR FOODGASM WITH THIS SENSUAL CHOCOLATE DESSERT! Click the LINK BELOW for full recipe YouTuber SmallYouTuber YouTube foodgasm foodie This is great news for Hertfordshire & the UK, add into this mix is another new construction project granted July 2020, for Sky, NBCUniversal and Legal & General. Daily_Express SkyNews DailyMailUK TheSun
Källa: Variety - 🏆 108. / 63 Läs mer »

Reese Witherspoon’s Company Sells for Almost $1 BillionThe company is best known for co-producing Witherspoon’s hit television efforts 'Big Little Lies,' 'Little Fires Everywhere,' and 'The Morning Show.'
Källa: wmag - 🏆 723. / 51 Läs mer »