FCC Moves Closer to Creating $9 Billion Rural 5G Fund (1)

April 23, 2020, 3:17 PMUpdated: April 23, 2020, 5:26 PM

The Federal Communications Commission moved closer to setting up a fund that would distribute $9 billion for rural 5G over the next decade.

The commission voted Thursday to seek comment on the proposed program that would subsidize wireless carriers to serve areas the companies otherwise would likely avoid because of a lack of profitability.

About $8 billion of the funds would be distributed to wireless carriers. Roughly $1 billion would fund precision agriculture, which uses wireless sensors and other technology to improve crop yields.

The FCC in seeking comment asked whether it should start distributing funds in 2021 using its ...

To read the full article log in.

Learn more about a Bloomberg Law subscription.