Why a key federal fund to expand fast internet in America is in jeopardy

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Why a key federal fund to expand fast internet in America is in jeopardy
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The decline of telephone landlines in America over the past 20 years isn't the main reason reason why the U.S. government's Universal Services Fund to expand...

A key fund set up by the U.S. government in the late 1990s to help pay for the expansion of fast internet in America is in jeopardy, but not only because of cord-cutting, according to a new report.

This chart shows what happened in the past decade, with revenue more than doubling in the telecom industry to $361.2 billion, but with the amount categorized as a telecom “contribution” to the Federal Communications Commission’s Universal Services Fund continuing to decline. Mobile operators, specifically, have been “classifying most of their monthly service revenues as data, not voice,” Mattey wrote.

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