New US Broadband Projects Get $795 Million In Funding 174
snydeq writes "The Obama administration has announced nearly $795 million in grants and loans to 66 new broadband projects across the nation. The subsidies — to be doled out by the US NTIA and the US Rural Utilities Service — will bring broadband service to 685,000 businesses, 900 health-care facilities, and 2,400 schools, according to officials. The NTIA will award $404 million to 29 projects, and the grants will finance 6,000 miles of new fiber-optic lines. Most of the money will finance middle-mile broadband network projects. The RUS will award $390.9 million, with $163 million in loans and the rest in grants. Most of the RUS money is focused on last-mile broadband projects."
RUS (Score:1, Funny)
Most of the RUS money is focused on last-mile broadband projects
Rodents of unusual size? I didn't even know they had funding!
Captcha: pedant
Re:So how much of this will the telcos steal? (Score:4, Funny)
Re:So how much of this will the telcos steal? (Score:3, Funny)
Note that's something they teach in the public schools, for the peons. If you go to private schools for the rich, they teach you from a whole different book of parables.