The Federal Communications Commission has launched a $9 billion 5G Fund for Rural America to support the expansion of 5G connectivity in the rural regions of America. The fund will power a 10-year program that is designed to improve the connectivity in the US.
This fund will, in a good way, contribute to the expansion of connectivity to regions without unsubsidized 4G LTE or 5G mobile broadband and tribal lands. The FCC has specifically set apart $680 million for bidders focusing on tribal lands.
In Phase 1 of the program, $8 billion will be spent. The unused money will be utilized during Phase 2 to build out new networks in support of precision agriculture. The bidders are expected to build a 5G mobile broadband, which will offer speeds of at least 35/3 Mbps.
This 5G fund by FCC is replacing the Mobility Fund Phase II proceeding, which was a USF program intended to subsidize 4G LTE deployments that were scrapped after the process revealed carrier-submitted mobile coverage maps were severely flawed and inaccurate.