The U.S. Federal Communications Commission has awarded $9.2 billion to deploy high-speed broadband to more than 5.2 million unserved homes and businesses in rural America. The funds will be distributed over the next 10 years.
Of the 180 companies that made successful bids, Charter Communications won $1.22 billion to provide service to more than 1.06 million locations, and Elon Musk's SpaceX won $885.51 million to serve about 643,000 locations.
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Business News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.