FCC awarding up to $16 billion to address U.S. areas lacking broadband service
The FCC voted on Tuesday, June 9 to adopt auction procedures to provide up to $16 billion to areas that lack broadband service, including nearly 6 million unserved rural homes and businesses. The FCC voted to commence the auction on October 29, where auction applicants will be required to offer voice and broadband services in unserved locations in exchange for receiving monthly payments over 10 years.