Seven percent of US households and businesses lack basic broadband internet. The Biden administration plans to remedy that with $42 billion in federal broadband infrastructure grants that will be split up among the fifty states and US territories. Bloomberg telecommunications reporter Todd Shields joins this episode to discuss how local governments will spend this money, and what it will take to bridge the so-called digital divide. And Christine Hallquist, executive director of the Vermont Community Broadband Board, describes the challenges of bringing broadband to rural America.

Read more: Biden Touts Billions for Broadband in Economic Pitch to Voters

Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: https://bloom.bg/3F3EJAK

Seven percent of US households and businesses lack basic broadband internet. The Biden administration plans to remedy that with $42 billion in federal broadband infrastructure grants that will be split up among the fifty states and US territories. Bloomberg telecommunications reporter <a href="https://www.bloomberg.com/authors/APILSQel8Ak/todd-shields">Todd Shields</a> joins this episode to discuss how local governments will spend this money, and what it will take to bridge the so-called digital divide. And Christine Hallquist, executive director of the Vermont Community Broadband Board, describes the challenges of bringing broadband to rural America.
Read more: <a href="https://www.bloomberg.com/news/articles/2023-06-26/biden-to-announce-42-5-billion-in-high-speed-internet-under-beads-program">Biden Touts Billions for Broadband in Economic Pitch to Voters</a>
Listen to The Big Take podcast every weekday and subscribe to our daily newsletter: <a href="https://bloom.bg/3F3EJAK">https://bloom.bg/3F3EJAK</a>

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

The Big Take from Bloomberg News brings you inside what’s shaping the world's economies with the smartest and most informed business reporters around the world. The context you need on the stories that can move markets. Every afternoon.

Big Take

Millions Of Americans Still Don’t Have Broadband. That’s About To Change

https://api.omny.fm/orgs/e73c998e-6e60-432f-8610-ae210140c5b1/clips/d5f28f51-949f-4f83-80be-b043015585b4/transcript

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