ANNOUNCEMENT 07 Dec 2020
In December 2020, the Federal Communications Commission (FCC) authorised approximately USD 100.3 million in funding for Prospero Broadband Consortium to deploy high-speed internet service in rural areas.
NUMBER OF INTERVENTIONS
Federal Communications Commission, Press Release, “Successful Rural Digital Opportunity Fund Auction to Expand Broadband to over 10 Million Rural Americans”. Available at: https://docs.fcc.gov/public/attachments/DOC-368588A1.pdf
On 7 December 2020, the Federal Communications Commission (FCC) announced providing USD 100.3 million funding for Prospero Broadband Consortium to deploy high-speed internet service in rural areas. Funding is authorized for Prospero Broadband Consortium following the Phase I Auction of the Rural Digital Opportunity Fund (RDOF). Funding will facilitate the company to provide broadband internet service in 3 states. Funding will be awarded over 10 years in equal payments as long as the company meets all deployment milestones.
RDOF was launched in January 2020 by the FCC to expand broadband deployment in rural America (see related state act). The first phase of the fund targeted areas that are wholly unserved with a fixed broadband service. The budget allocated for Phase I was USD 16 billion. FCC’s reverse auction based on a competitive bidding resulted in a total of USD 9.2 billion funding for Phase I. The remaining USD 6.8 billion that was not allocated will be rolled over into the Phase II auction. Over 300 service providers participated in the Phase I auction and a total of 180 bidders won auction support.