The Federal Government Wants to Invest $42.5 Billion on Internet Expansion With Comcast, AT&T, & More





Recently the United States Federal Government announced plans to invest $42.5 billion into the expansion of broadband internet. To do this $42.5 billion will be spread out among multiple internet companies, including Comcast and AT&T, who have both announced plans to use this money to build out their high-speed internet.

The plan is to use this internet primarily to expand internet access in rural America. This is one more effort to build out broadband for Americans who do not have access to it right now.

AT&T released a bold plan to invest $42.5 billion to expand its fiber-optic cable network. This is part of a $42.5 billion plan by the federal government to expand broadband by handing out Monday to internet companies to expand broadband. The company aims to deliver faster internet speeds to all its customers, including those without broadband. It’s striving to improve internet connections for more than 30 million current customers and businesses by the end of 2025.

Sources report Comcast is planning to compete in a $42.45 billion Broadband Equity, Access, and Deployment program in an attempt to grow its footprint expansion. Comcast is aiming to add an additional 1 million households this year and came close to doing so last year.

The company faces some stiff competition as FTTP and FWA become more available, but Comcast is aiming to upgrade its HFC network to remain a contender. Before the year ends, it hopes to make the newly improved HFC network available to over 50 million members. So far, Comcast has added over 10 million subscribers spanning 40 markets with the upgraded DOCSIS 4.0, more than anticipated by the company’s original schedule.

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