financetom
Technology
financetom
/
Technology
/
AT&T wants Big Tech firms to pay into telecom and broadband subsidy fund
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AT&T wants Big Tech firms to pay into telecom and broadband subsidy fund
Jun 24, 2024 1:30 PM

WASHINGTON, June 24 (Reuters) - AT&T ( T ) CEO John

Stankey said on Monday that Congress should give the Federal

Communications Commission the power to require Big Tech firms to

contribute to a government fund that subsidizes access to

telecom and broadband services.

Under current law, fees are levied on cell phone and

landline service subscribers to support the Universal Service

Fund, which spends about $8 billion a year - nearly all

collected from surcharges on telephone bills.

"The seven largest and most profitable companies in the

world built their franchises on the internet and the

infrastructure we provide," Stankey said in remarks at a telecom

industry forum in Utah.

"Why shouldn't they participate in ensuring affordable and

equitable access to the services of today that are just as

indispensable as the phone lines of yesteryear?"

The issue has taken on new urgency since a government

broadband internet subsidy program used by 23 million households

ran out of money in May and shut down after the White House

unsuccessfully urged Congress to dedicate another $6 billion.

Since 2020, Congress had allocated a total of $17

billion to help lower-income families and people impacted by

COVID get free or low-cost internet.

The Universal Service Fund provides funding to help

low-income consumers, schools, libraries and rural health care

providers to get access to telephone or broadband internet

service.

There are several proposals in Congress to require tech

companies and broadband providers to contribute to the fund.

Facebook's parent, Meta, and Google

did not immediately comment.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Nokia signs fibre deal with AT&T after losing network contract to Ericsson
Nokia signs fibre deal with AT&T after losing network contract to Ericsson
Sep 3, 2024
HELSINKI (Reuters) - U.S. telecoms operator AT&T ( T ) and Finnish network equipment maker Nokia have signed an agreement to build a fibre network in the U.S., the Finnish company said on Tuesday. The deal comes after Nokia lost a major deal with AT&T ( T ) to its Swedish rival Ericsson, which the U.S. operator chose in December...
SenseTime Feels Revenue Growth Return On Shift To Generative AI
SenseTime Feels Revenue Growth Return On Shift To Generative AI
Sep 3, 2024
The release of OpenAI's ChatGPT in late 2022 sparked a global revolution in artificial intelligence (AI). Overnight, the term AI became synonymous with the generative form of the technology, representing a sudden shift away from the previous focus on computer vision, an area where China had been leading. With that shift, SenseTime ( SNTMF ) (OTC:SNTMF), once hailed as one of China's...
Apple to completely switch to OLED for iPhone display from 2025, Nikkei says
Apple to completely switch to OLED for iPhone display from 2025, Nikkei says
Sep 3, 2024
TOKYO, Sept 3 (Reuters) - Apple ( AAPL ) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and afterwards, moving completely away from liquid crystal displays (LCDs), Nikkei business daily said. The planned move will exclude Japan's Sharp Corp ( SHCAF ) and Japan Display ( JNNDF ) from Apple's ( AAPL ) handset...
Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Apple to switch to OLED displays for all upcoming iPhones from 2025, Nikkei reports
Sep 3, 2024
TOKYO, Sept 3 (Reuters) - Apple ( AAPL ) will use organic light-emitting diode (OLED) displays for all iPhone models sold in 2025 and later, moving entirely away from liquid crystal displays (LCDs), Japan's Nikkei newspaper reported on Tuesday, citing unnamed sources. Television and smartphone makers are adopting OLED displays over LCDs for the former's ability to deliver more vivid...
Copyright 2023-2026 - www.financetom.com All Rights Reserved