Saturday, August 15, 2009

Broadbands: Thanks, But No Thanks for Stimulus $$

Washington Post -- The Obama administration made a national priority of spreading high-speed Internet access to every American home and offered stimulus money to help companies pay for it, but the biggest network operators are staying away from the program. As the Aug. 20 deadline nears to apply for $4.7 billion in broadband grants, AT&T, Verizon and Comcast are unlikely to go for the stimulus money, sources close to the companies said.

Some say taking money could draw unwanted scrutiny of business practices and compensation, as seen with automakers and banks that have taken government bailouts. And privately, some companies are griping about conditions attached to the money, including a net-neutrality rule that they say would prevent them from managing traffic on their networks in the way they want.

Lesson: There ain't no such thing as free stimulus money (TANSTAFSM).

Originally posted at Carpe Diem, not for re-posting on Death and Taxes.


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