Tech Think Tank Calls for $40B Reverse Auction to Boost Rural Broadband
Mar 23, 2021 4:00 AM PT A Big Bang of cash is needed to bring rural Americans into the Information Age, according to a report released Monday by a Washington, D.C. think tank. Nearly one-in-five rural Americans don't have broadband Internet access, but that could change with the use of carefully targeted subsidies through a process known as a reverse auction, noted the report by the Information Technology & Innovation Foundation. "If we do a one-time, large infusion of funds focused on covering the capital expenditures to build new networks where they don't exist and make significant upgrades...