Cable Sues USDA Over 'Net Subsidy

CABLE SUES USDA OVER NET SUBSIDY
[SOURCE: Broadcasting&Cable, AUTHOR: John Eggerton]
The Iowa Cable & Telecommunications Association and cable company Mediacom have filed suit in federal court charging that the U.S. Department of Agriculture's broadband grant/loan program is a failure and actually undermines the broadband deployment it is designed to promote. The suit, which asserts the loan program should be used primarily to fund broadband in rural, unserved areas, follows a USDA Inspector General report finding that "hundreds of millions" in low-interest loans were made to companies providing service in affluent communities, some with already two or more broadband providers.
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