Verizon Walks Away From $550M+ In Federal Broadband Money

Verizon Walks Away From $550M+ In Federal Broadband Money

Verizon today became the only major U.S. telecommunications company to turn down federal funding to build broadband in unserved, primarily rural, communities, leaving many residents in eight states and the District of Columbia without access to vital communications options. The company was offered $568 million over six years by the Federal government to bring broadband to 270,000 locations.

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