According to the FCC, this money will come from the Universal Service Fund. The Universal Service Fun is a system of subsidies intended to promote access to phone services in underserved areas in the US. Now it is being used to promote internet services in rural America.
The FCC plans to spend $2 billion a year on rural internet over the next decade in an effort to expand rural American internet.
The FCC also announced plans to sell off more spectrum to be used in 5G. This new spectrum will be the largest spectrum sale in the history of the United States. This new spectrum sale will start on December 10th, 2019 with the goal of offering spectrum to companies planning on launch 5G services.
Source: The Verge
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