The FCC said it is committing $ 9.2 billion to provide high-speed broadband Internet access to 5.22 million families and small businesses.
Charter Communications received $ 1.22 billion to service 1.06 million points, and Elon Musk’s SpaceX received $ 885 million to service 642,000 points. The Rural Electric Cooperative Consortium will receive $ 1.1 billion to service 618,000 locations, and LTD Broadband LLC $ 1.32 billion to serve 528,000 locations.
The FCC estimates the funding will expand broadband to more than 10 million rural US residents.
Almost all points will receive broadband access at speeds of at least 100/20 (download / upload) Mbps, with the vast majority (over 85%) receiving broadband access at gigabit speeds. The funds will be distributed over the next 10 years.
The FCC said the unused $ 6.8 billion will be carried over to the next auction, where up to $ 11.2 billion can be used.
FCC chief Ajit Pai said the auction was “technologically neutral” and structured to “favor high-speed, low-latency bids.”