Rural America gets a $1.5 billion fund to build 5G cell towers
What happened
The US communications regulator has finalized rules for a $1.5 billion fund to bring 5G mobile internet to rural areas. This means companies can now apply for subsidies to build out advanced wireless networks where they currently do not exist.
Why it matters
For years, rural areas have lagged behind cities in getting access to fast internet. This fund aims to close that gap for 5G mobile service. It means that for the first time, there is dedicated money specifically for building out the newest generation of wireless technology in places that private companies have largely ignored.
The signal
Watch for the first round of companies to apply for these subsidies and where they propose to build, which will show which rural areas are prioritized.