Firms file a Universal Service Fund reform proposal with FCC

08/1/2011 | Bloomberg Businessweek

Six telecom companies, including AT&T and Verizon, joined forces to draft a proposal to reform the Universal Service Fund, an $8 billion federal subsidy program, that would put the money to use to bridge the digital divide in the U.S. The companies made the recommendations in a filing on Friday, and say its implementation could lead to universal broadband in the U.S. within five years.

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