The US Federal Communications Commission (FCC) has recently announced that it has allotted nearly $9.2 billion to provide high-speed broadband internet connectivity. This is from its Rural Digital Opportunity Fund to serve 5.2 million businesses and homes.
The telecommunications regulator noted that only 0.3% of such locations would not receive broadband access of at least 100/20 Mbps. More than 85% are expected to receive gigabit-speed broadband.
This award was distributed via a multi-round, descending clock auction format where the bidders indicated each round if they would commit to providing services. Ajit Pai, FCC Chairman, noted that this auction is the single largest step to bridge the digital divide among citizens.