FCC Establishes 5G Fund for Rural America

The Federal Communications Commission (FCC) adopted rules creating the 5G Fund for Rural America, which will distribute up to $9 billion over the next ten years to bring 5G wireless broadband to rural communities. The 5G Fund will use multi-round reverse auctions in two phases: Phase I will target $8 billion to areas lacking unsubsidized 4G LTE or 5G mobile broadband, Phase II will target $1 billion to the deployment of 5G networks that facilitate precision agriculture. Read more.