High-Tech Giants Collaborate To Launch Broadband Ecosystem For Utilities, Based On Anterix-Held Spectrum forbes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forbes.com Daily Mail and Mail on Sunday newspapers.
[co-author: Charles Spencer-Davis, Law Clerk]
On May 12, 2021, the Federal Communications Commission (“FCC”) began enrolling eligible households in its Emergency Broadband Benefit (“EBB”) program. The EBB program provides eligible households with up to a $50 monthly discount on their internet plans (and up to $75 a month discounted for households located on Tribal lands).[1] The EBB also includes funding for a one-time discount of up to $100 for a tablet, computer, or other specified device for qualifying households.[2]
Funded by the stimulus package signed into law at the end of December, 2020, the EBB will make a total amount of $3.2 billion in discounts on broadband services and equipment available to consumers. As Acting FCC Chair Jessica Rosenworcel noted, the program creates “a new way for disconnected Americans to access the internet to carry out their day-to-day life, so they can reach the virtual classroom, take advantage of telehealth, and seek new employment op
Shareholders in
AT&T (T, $32.24) aren’t quite sure just how to react to Monday s news that the company would essentially undo its $85 billion acquisition of Time Warner – a deal that was widely criticized when it closed in 2018.
Indeed, shares in the blue-chip telecommunications giant popped as much as 4.8% at one point in Monday s early trading. However, those gains were pared back significantly by the early afternoon.
Income investors who have come to count on AT&T s generous dividend (currently yielding 6.5%) might want to hold their applause, however.
AT&T signaled that it will cut its dividend to reflect the company s smaller size once it spins off its media business into a separate entity.