With $6B for telecom, gov’t stimulus package could spark feeding frenzy - RCR Wireless News

The $825 billion economic stimulus package unveiled by congressional Democrats will include $6 billion in grants for broadband and wireless services in underserved areas, a funding level that is lower than anticipated and that could come with controversial strings attached.

In a press release, the House Appropriations Committee said the $6 billion broadband-wireless monies are designed to “strengthen the economy and provide business opportunities in every section of America with benefits to e-commerce, education and health care. For every dollar invested in broadband the economy sees a ten-fold return on that investment.”

With $6B for telecom, gov’t stimulus package could spark feeding frenzy - RCR Wireless News