ADTRAN Applauds the $485 Million FCC Connect America Fund Order Spurring Additional Broadband Investment
Interim FCC Chairman Clyburn issues order for funds to enable greater access to high-speed broadband for all Americans
HUNTSVILLE, Ala.--(BUSINESS WIRE)-- ADTRAN®, Inc., (NAS: ADTN) , a leading provider of next-generation networking solutions, announced its support for the FCC and Interim FCC Chairman Mignon Clyburn's actions to make $485 million available in the second round CAF Phase 1 Order issued today. The new order provides $300 million of 2013 funding for unserved and underserved broadband infrastructure investment. It also makes available the $185 million of first round CAF Phase 1 funds that were unclaimed in 2012.
In this order, the FCC addressed many of the issues that have held back acceptance of first round CAF funding and additional CapEx investments by broadband service providers. As a result, several of the top price cap carriers have committed to match these funds with private investment. This week's actions by the FCC will enable U.S. broadband carriers to build out the infrastructure needed to deploy high-speed broadband services in rural communities across the country.
"ADTRAN applauds the efforts of Interim FCC Chairman Clyburn and the FCC to address CAF Phase 1 funding rules and the FCC's recent progress on the CAF Phase 2 program. U.S. carriers now have access to funding that can be leveraged with private investment to build out broadband infrastructure for unserved and underserved communities across our country," said Tom Stanton, chairman and chief executive officer for ADTRAN.
ADTRAN, Inc. is a leading global provider of networking and communications equipment. ADTRAN's products enable voice, data, video and Internet communications across a variety of network infrastructures. ADTRAN solutions are currently in use by service providers, private enterprises, government organizations, and millions of individual users worldwide. For more information, please visit www.adtran.com.
Connect2 Communications for ADTRAN, Inc.
Halley Spong, 919-435-9126
KEYWORDS: United States North America Alabama
The article ADTRAN Applauds the $485 Million FCC Connect America Fund Order Spurring Additional Broadband Investment originally appeared on Fool.com.
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