- Twenty internet providers agreed to help offer high-speed internet to millions of unconnected households through the bipartisan infrastructure law, the Wall Street Journal reports.
- The companies included AT&T Inc (NYSE:T), Comcast Corporation (NASDAQ: CMCSA), Verizon Communications Inc (NYSE: VZ), Cox Communications Inc, Charter Communications, Inc (NASDAQ: CHTR), Frontier Communications Parent, Inc (NASDAQ: FYBR) and regional providers like Jackson Energy Authority in Tennessee, Comporium Inc. in the Carolinas and the Vermont Telephone Co.
- The companies, which cover more than 80% of the U.S. population, had agreed to increase their internet speeds or cut prices to ensure that all eligible households can tap into high-speed internet plans up to $30 a month.
- The plan is part of a $65 billion program to build up the country’s broadband network through the $1 trillion infrastructure law approved by Congress in 2021.
- About 11.5 million households have signed up for the monthly subsidy available to families whose income is 200% or less than federal poverty guidelines.
- The government looks to enroll 48 million eligible households under the program.
- Price Action: T shares traded higher by 0.85% at $19.86 in the premarket on the last check Monday.
Get all your news in one place.
100’s of premium titles.
One app.
Start reading
One app.
Get all your news in one place.
100’s of premium titles. One news app.
AT&T, Comcast, Verizon, Others Join Government's Low-Income Broadband Plan
Nasdaq
Internet
NYSE
United States
CHTR
CMCSA
Comcast Corporation
Verizon Communications Inc
VZ
Wall Street Journal
Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member?
Sign in here
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member?
Sign in here
Our Picks