01 July 2009

$4 Billion to be Released Soon for Broadband

"The U.S. government will soon release $4 billion in loans and grants aimed at expanding broadband access across the United States, officials said on Wednesday. The funds are part of a $7.2 billion program to build an affordable high-speed Internet structure in rural areas. The project is being pushed by President Barack Obama seeking to shore up the U.S. economy with job creation in the telecommunications sector."

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