July 2024

T-Mobile Q2 Results

T-Mobile US reported second quarter 2024 results, raising full-year customer and cash flow guidance while delivering industry-leading customer growth across the board, including crossing the 100 million postpaid customers milestone and the highest Q2 postpaid phone net customer additions in company history. The company translated best-in-class customer growth into industry-leading growth in service revenues and profitability, and delivered record cash flows while returning $3.0 billion to stockholders in Q2.

Why flawed maps showing internet access may cost LA millions of dollars in public funding

California is getting more than $1.8 billion in federal grant money to expand high-speed broadband service in areas where residents have little to no access. But advocates say the state is undercounting the true number of residents who lack internet, especially those living in apartment buildings. That could mean dense cities like Los Angeles not getting their fair share.

Welch’s Affordable Connectivity Program Amendment Advances Out of Commerce Committee

The Senate Commerce Committee advanced Senator Peter Welch’s (D-VT) amendment to fund the Affordable Connectivity Program with $7 billion, as requested in his bicameral, bipartisan Affordable Connectivity Program Extension Act. The amendment was attached to the PLAN for Broadband Act, legislation to streamline federal broadband program to make it more accessible for underserved areas. The Affordable Connectivity Program Extension Act’s original Senate cosponsors include Sens Welch (D-VT), JD Vance (R-OH), Jacky Rosen (D-NV), Kevin Cramer (R-ND), Sherrod Brown (D-O

Gov Glenn Youngkin Announces More Than $41 Million in Virginia Telecommunication Initiative Grants

Governor Glenn Youngkin (R-VA) announced more than $41 million in grants through the Virginia Telecommunications Initiative (VATI) for 10 broadband construction projects serving 20 localities throughout Virginia. The VATI program provides targeted funding to extend service to areas that are presently unserved by any broadband provider. The goal of VATI is to create strong, competitive communities throughout the Commonwealth by preparing those communities to build, utilize, and capitalize on telecommunications infrastructure.