FCC Approves Subsidy-Fund Overhaul

Federal regulators approved an overhaul of an $8 billion federal phone-subsidy program Thursday to make more federal money available to fund high-speed Internet service in rural America.

In a unanimous vote, the Federal Communications Commission’s commissioners approved a remake of the federal Universal Service Fund, which subsidizes phone service in rural America and to low-income Americans. The agency will shift the fund’s $8 billion from funding phone service to high-speed broadband service over the next few years.

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