FCC: Broadband for the Masses & More
An $8 billion fund will be set aside for rural areas and for the poor via federal regulators to be relieved on Thursday for a massive overhaul. Broadband for the masses will restructure the idea behind getting broadband to everyone regardless of location and income.
The Federal Communications Commission is also preparing to disclose new rules for the byzantine system that governs how phone companies pay each other for phone calls. It’s a system that, virtually everyone in the industry agrees, is outdated and leads to perverse schemes by carriers to stimulate certain kinds of phone traffic.
However, reform of the system has been held up for years by competing interests.
Together, the new rules are set to be the Obama administration’s most significant overhaul of telecommunications regulations. The five-member commission will vote on the rules at a meeting Thursday morning.