AT&T accepts nearly $3B in rural-broadband federal funding

Aug. 27, 2015 5:42 PM ETAT&T Inc. (T)TBy: Jason Aycock, SA News Editor39 Comments
  • AT&T's accepted $428M per year of Connect America Funding (Phase II) over six years, with an option on a seventh -- meaning almost $3B in subsidies it could receive to provide rural broadband in underserved areas.
  • As with the other recipients of the second tranche of funds, the company's committing to provide 10 Mbps downstream and 1 Mbps up -- in its case, for more than 2.2M people across 18 states.
  • AT&T (T +2.2%) declined to take eligible money for Missouri, Nevada and Oklahoma.
  • Earlier, CenturyLink accepted about $3B in CAF monies, meaning it and AT&T make up the bulk of the $9B made available.
  • Meanwhile, AT&T fired back at a Sprint promotion designed to blunt the impact of the DirecTV acquisition and convince DTV subscribers to go yellow with a year's free service: "This ranks right up there with a desperate Hail Mary pass to a petite defensive lineman," said an AT&T spokesperson. "With Sprint's network and the many asterisks on this deal, we're feeling good about our offers."

Recommended For You

Comments (39)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.