International business magnate Elon Musk was one of the big winners in the federal auction to provide high speed broadband in rural Louisiana.
The auction allocated $342 million to provide highspeed internet to about 175,692 unserved Louisiana residents over the next 10 years.
But very few companies based in Louisiana were in the running for the allocations.
The Federal Communications Commission’s Rural Digital Opportunity Fund Phase I auction released its results Monday. The auction began in October.
About 332,000 residents will receive the rural broadband once the contracts are finalized, which will take place sometime in January. Nearly all locations in Louisiana that were eligible for the auction will be receiving access to broadband with speeds of at least 100/20 Mbps, with 82% getting gigabit-speed broadband, the FCC stated in a press release.
A 100 megabytes per second is enough run a home office or internet-based business. A gigabit per second is much faster.
A total of $9.2 billion was bid for service to 5.2 million locations nationwide.
“We structured this innovative and groundbreaking auction to prioritize bids for high-speed, low-latency services to deliver the best results for rural Americans,” FCC Chairman Ajit Pai in a statement. “This auction was the Commission’s single largest step ever taken toward delivering digital opportunity to every American and is another key success in our ongoing commitment to universal service.”
In rural Louisiana people are … Continue Reading Full Story >>>