FCC Estimates Six Million Locations Eligible For Rural Digital Opportunity Fund Phase I Support

The FCC recently released a draft Report and Order establishing a framework for the Rural Digital Opportunity Fund (RDOF). Phase I of the RDOF will target $16 billion in support to census blocks that do not have any 25/3 Mbps broadband service. The FCC initially estimates six million locations could be eligible for support in Phase I of the RDOF.

Rural Digital Opportunity Fund Will Prioritize Higher Network Speeds And Lower Latency

The FCC has released a draft Report and Order establishing a framework for the Rural Digital Opportunity Fund (RDOF) which will be voted on at the FCC’s January 30, 2020, open meeting. Much of the $20.4 billion RDOF framework in the Report and Order is similar to what was originally proposed in the August 2019 NPRM, but with more focus on driving funding toward the deployment of future proof networks.

Blockchain of Things, Inc. Reaches Settlement With SEC Over Unregistered Initial Coin Offering, Must Pay $250,000 Fine

The U.S. Securities and Exchange Commission and Blockchain of Things, Inc. (BCOT) have agreed to a settlement over an initial coin offering. The SEC concluded that BCOT violated the Securities Act by offering and selling securities without having a registration statement filed or in effect with the SEC or qualifying for exemption from registration. BCOT must pay a civil monetary penalty in the amount of $250,000.00.

USDA ReConnect Program Broadband Funding Awards

The U.S. Department of Agriculture’s $600 million ReConnect Pilot Program provides loans, grants, and loan/grant combinations to construct broadband infrastructure in areas of rural America that lack access to broadband service. To date, USDA has provided awards for 25 projects totaling $229,630,148 in funding for high-speed broadband infrastructure in 17 U.S. states. The funded service areas include a total of 44,833 households.