Over 2.3M US Households Signed for Broadband Subsidy: Reuters

Loading...
Loading...
  • 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 VZT-Mobile US Inc TMUSAT&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.
Market News and Data brought to you by Benzinga APIs
Posted In: NewsTechMediaBriefsReuters
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!

Loading...