Louisiana to get $342.2 million to promote broadband investment

Louisiana to get $342.2 million to promote broadband investment

(The Center Square) – Thirteen broadband providers in Louisiana will share $342.2 million in federal dollars meant to promote highspeed internet access in areas where it’s not currently available.

The program is meant to subsidize development of internet infrastructure in areas where there aren’t enough potential customers to otherwise justify the investment.

A total of $9.2 billion was doled out nationwide to 180 bidders, the Federal Communications Commission says. Providers must meet periodic buildout requirements that will require them to reach all assigned locations within six years.

“We aimed for maximum leverage of taxpayer dollars and for networks that would meet consumers’ increasing broadband needs, and the results show that our strategy worked,” FCC Chairman Ajit Pai said in a prepared statement. “This auction was the single largest step ever taken to bridge the digital divide and is another key success for the Commission in its ongoing commitment to universal service.”

 

 

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