Thursday, October 27, 2011

FCC Shifts Subsidy Fund to Broadband


(Reuters) - Regulators agreed on Thursday to change an $8 billion national communications subsidy program to put more emphasis on providing high-speed Internet access to rural areas.
The Federal Communications Commission voted unanimously to shift roughly $4.5 billion spent annually to subsidize rural telephone service over to providing broadband in rural and costly-to-serve areas.

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