Cable, Internet Companies Stand to Gain From Broadband Funding in Infrastructure Bill
The $1 trillion infrastructure bill moving through the Senate this week stands to be a windfall for cable and fiber-optic internet companies, with $65 billion allocated to improve internet access for poor and isolated communities. The plan would help home internet providers by providing $40 billion in grants that states can dole out to operators that expand their networks to households that lack high-speed service. AT&T plans to self-fund its fiber-optic network expansion to cover millions of new locations in the coming years.