On October 6, 2022, the U.S. Department of the Treasury approved Michigan's plan to use its full Coronavirus Capital Projects Fund allocation to support broadband expansion in the state.
Wednesday, October 12, 2022
The Federal Communications Commission's Wireline Competition Bureau provided additional information concerning the Your Home, Your Internet Pilot Program and the Affordable Connectivity Program (ACP) Navigator Pilot Program, including guidance to assist prospective applicants in preparing to apply for participation in one or both Pilot Programs. The FCC expects to open the Pilot Programs’ application window, and expects the Consumer and Governmental Affairs Bureau to release the Notice of Funding Opportunity (or NOFO) for Pilot Program funding, in November 2022.
A new report entitled “U.S. Cable: What is Embedded in Valuations?” is optimistic about cable’s broadband prospects. Analysts at MoffettNathanson say they believe the market is undervaluing cable’s growth prospects. Moffett's analysis shows a big part of the stock drop can be traced to the current cost of capital, which is something that can change in the future and doesn’t go to the underlying prospects for cable’s broadband business.
Spectrum is constructing a fiber-optic network expansion project that will bring gigabit broadband and other Spectrum services to over 4700 homes and small businesses in Wexford County (MI). Spectrum services are already available to some residents and small business owners in the buildout area. The buildout is part of Spectrum’s approximately $5 billion investment in unserved rural areas, which includes more than $1 billion won in the Federal Communications Commission’s Rural Digital Opportunity Fund (RDOF) auction.
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