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

Posted on AllSides August 3rd, 2021
From The Center
Technology, infrastructure bill, broadband

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. T -0.44% and Charter Communications Inc. CHTR -0.07% 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...

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