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Operator
Good afternoon. Welcome to Clearfield s fiscal second-quarter 2021 earnings conference call. My name is Paul, and I will be your operator this afternoon. Joining us for today s presentation are the company s president and CEO, Cheri Beranek; and CFO, Dan Herzog.
[Operator instructions] I would now like to remind everyone that this call will be recorded and made available for replay via a link in the investor relations section of the company website. This call is also being webcasted and accompanied by a PowerPoint presentation called the FieldReport, which is also available in the investor relations section of the company s website. Please note that during this call, management will be making forward-looking statements regarding future events and the future financial performance of the company. These forward-looking statements are subject to risks and uncertainties and that could cause actual results to differ materially from those in the forward-looking statements.
When President Biden proposed up to $100 billion to expand broadband availability in the US as part of his $2 trillion infrastructure plan, some critics argued that broadband shouldn t be included in infrastructure spending, and that the figure was far too high anyway.
A group of top Senate Republicans released their own proposal Thursday, addressing both of those concerns. Their proposal does include funding for broadband, to the tune of $65 billion.
While that s obviously less than what Biden has proposed, it s still an astronomical amount when compared with previous federal broadband funding initiatives. For example, the first phase of the FCC s recent Rural Digital Opportunity Fund (RDOF) auction totaled just $9.2 billion, while its Connect America Fund Phase II (CAF II) auction before that totaled only $1.5 billion. Both programs are designed to help finance the construction of telecom networks in rural areas. Meantime, the FCC is also putting the finishing touches on its $3
Elon Musk is making a new move as an internet service provider washingtonexaminer.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from washingtonexaminer.com Daily Mail and Mail on Sunday newspapers.
Biden Proposes Government Actually Try to Create Broadband Competition
The broadband proposal in the American Jobs Act prioritizes allowing utilities and co-ops to provide a public option to compete with telecom monopolies. This would be a critical step.
People demonstrate for municipal internet outside City Hall in Portland, Oregon, January 14, 2018.
Doug Seacat, founder of the Ridgway, Coloradoâbased IT consulting company Deeply Digital, got a call several years ago from one of his biggest clients. CenturyLink, the only internet service provider in the region, initially said it could provide him a high-speed fiber connection, but then decided it couldnât.