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Benefit of the Bargain BEAD Proposals Roll In
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Following a June 6 announcement from the National Telecommunications and Information Administration (NTIA) that restructured the Broadband Equity, Access and Deployment (BEAD) Program, all states and territories have been tasked with reevaluating their plans to connect un- and underserved locations to high-speed internet. BEAD’s "Benefit of the Bargain" application round presents new challenges for states and territories as they take another look at what locations to connect, which technologies to employ, and how much funding to use. States are releasing draft final proposals in droves, soliciting public comments before the plans go to NTIA for final review. In this series, the Benton Institute for Broadband & Society offers glimpses at state BEAD plans and what they might mean for connecting everyone to broadband.

The Minnesota Department of Employment and Economic Development released the state's draft Broadband Equity, Access, and Deployment Program Final Proposal. Public comments will be accepted through September 3, 2025, and can be submitted via this form. The final proposal includes $377,046,315 in funding to 24 internet service providers, covering 74,668 locations. If approved, 39 percent of locations will be covered by fiber, 27 percent will be covered by low-earth orbit satellite, 18 percent will be covered by fixed wireless, and 16 percent will be covered by other technologies.

The Iowa Department of Management released the state's draft Broadband Equity, Access, and Deployment program Final Proposal on August 28. The public comment period will be open through September 3, 2025. Comments can be submitted via this form. The final proposal includes $221,282,630 in funding to cover 42,933 locations. If approved, 50 percent of locations will be served by fiber, 8 percent will be served by low-earth orbit satellite, and 40 percent will be covered by fixed wireless.

Vermont Community Broadband Board (VCBB) released the Vermont Broadband Equity, Access, and Deployment Program (VT-BEAD) Draft Final Proposal, which is the state’s plan to accomplish the goal of enabling all Vermonters to have access to high-speed reliable broadband. Vermont’s BEAD allocation is almost $229 million. The VT-BEAD Draft Final Proposal lists the provisional grantees of those funds and what technology they plan to use to serve all remaining unserved and underserved addresses in their project areas. The bids included in the Draft Final Proposal total $179,426,004.96. Provisional subgrantee providers are Comcast, Consolidated Communications, DVFiber, Maple Broadband, NEK Broadband, SpaceX, and Vermont Telephone. Almost 90% of the federal BEAD funds will go to build out fiber, about 6% will go to satellite, and the remaining 4% will go to hybrid fiber coaxial cable. The VT-BEAD Draft Final Proposal is posted along with a public comment form. It will be open for public comment until September 4, when it will be submitted to the National Telecommunications and Information Administration (NTIA).

NatWest and Lloyds are among the big banks braced for losses on billions of pounds in loans to troubled UK broadband providers, as the weakest players in the nascent fibre sector battle mounting financial pressure. Dozens of “altnets”—alternative network providers—have tried to challenge the dominance of BT’s Openreach and Virgin Media O2 but many are struggling to attract enough customers to meet the costs of their network rollout and have been hit by higher interest rates. Lloyds Banking Group said that its commercial banking unit had set aside £25 million to cover loans that were unlikely to be repaid in full. Its chief financial officer, William Chalmers, said these provisions were largely isolated to loans for the fibre sector. Chalmers said the sector had suffered “bumps in the road” because of “higher construction costs” and “lower subscriber numbers than people had originally anticipated”.
Benton (www.benton.org) provides the only free, reliable, and non-partisan daily digest that curates and distributes news related to universal broadband, while connecting communications, democracy, and public interest issues. Posted Monday through Friday, this service provides updates on important industry developments, policy issues, and other related news events. While the summaries are factually accurate, their sometimes informal tone may not always represent the tone of the original articles. Headlines are compiled by Kevin Taglang (headlines AT benton DOT org), Grace Tepper (grace AT benton DOT org), and Zoe Walker (zwalker AT benton DOT org) — we welcome your comments.
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Benton Institute
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