The Federal Communications Commission on Monday awarded $9.2 billion in funding to help companies provide broadband Internet service to millions of Americans without access to reliable service.


The biggest winners of the FCC’s awards, which would be given out over 10 years, were LTD Broadband, Charter Communications and the Rural Electric Cooperative Consortium, each receiving a little over $1 billion.

SpaceX finished near the top with a massive infusion of cash that could provide the financial underpinning its Starlink project needs. In the past, several companies tried and failed. Teledesic, a company founded by Bill Gates in the mid-1990s, collapsed after costs soared. Attempts by Iridium and Globalstar ended up in bankruptcy.

Read the Complete Article

From the FCC News Release

Auction results released today show that bidders won funding to deploy high-speed broadband to over 5.2 million unserved homes and businesses, almost 99% of the locations available in the auction. Moreover, 99.7% of these locations will be receiving broadband with speeds of at least 100/20 Mbps, with an overwhelming majority (over 85%) getting gigabit-speed broadband. CCO Holdings, LLC (Charter Communications) was assigned the most locations, just over 1.05 million. A total of 180 bidders won auction support, to be distributed over the next 10 years.

A broad range of providers successfully competed in the Phase I auction, including cable operators, electric cooperatives, incumbent telephone companies, satellite companies, and fixed wireless providers. And the FCC’s structuring of the reverse auction yielded significant savings, as competitive bidding among over 300 providers yielded an allocation of $9.2 billion in support out of the $16 billion set aside for Phase I of the auction. Importantly, the $6.8 billion in potential Phase I support that was not allocated will be rolled over into the future Phase II auction, which now can draw upon a budget of up to $11.2 billion in targeting partially-served areas (and the few unserved areas that did not receive funding through Phase I).

Read the Complete News Release

Additional Details From the FCC