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 >
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Dec 12, 2024
NEW DELHI (Reuters) - Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid carried out in connection with an antitrust investigation on Amazon ( AMZN ) and Walmart's ( WMT ) Flipkart, a legal filing shows. Samsung is embroiled in the Competition Commission of India's (CCI) investigation that in August concluded that...
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Samsung accuses India antitrust body of detaining employees, seizing data unlawfully
Dec 12, 2024
* Samsung embroiled in India antitrust probe of Amazon ( AMZN ), Flipkart * Asks court to quash evidences seized from three employees * Antitrust probe found breaches of competition law By Arpan Chaturvedi and Aditya Kalra NEW DELHI, Dec 12 (Reuters) - Samsung has accused India's competition watchdog of unlawfully detaining its employees and seizing data in a raid...
Software firm ServiceTitan prices US IPO above range to raise about $625 mln
Software firm ServiceTitan prices US IPO above range to raise about $625 mln
Dec 11, 2024
Dec 11 (Reuters) - ServiceTitan priced its U.S. initial public offering at $71 per share, above its indicated range of $65 to $67, raising $624.8 million, the software company said on Wednesday. (Reporting by Pritam Biswas and Nilutpal Timsina in Bengaluru; Editing by Varun H K) ...
Tenstorrent, Hyundai-backed BOS unveil automotive AI chips
Tenstorrent, Hyundai-backed BOS unveil automotive AI chips
Dec 12, 2024
SEOUL, Dec 12 (Reuters) - Canadian startup Tenstorrent and BOS Semiconductors, a South Korean chip startup backed by Hyundai Motor Group, unveiled on Thursday artificial intelligence (AI) chips used for in-vehicle infotainment and autonomous driving. As autos increasingly become 'computers on wheels', demand has grown for AI chips to handle high performance workloads necessary for complex features. The chips are...
Copyright 2023-2026 - www.financetom.com All Rights Reserved