The funding would provide ongoing support for networks that can deliver broadband at speeds of at least 10 Mbps for downloads and 1 Mbps uploads to nearly nine million rural residents nationwide.
Carriers will have 120 days to determine whether or not to accept the funding on a state-by-state basis. In states where carriers decline the offer, the subsidies will be offered to providers on a competitive basis.
Funding in Phase II is targeted to census blocks (a) where the cost of providing service according to the cost model exceeds $52.50 a month, and (b) that are not served by unsubsidized competitors offering service at speeds of at least 4 Mpbs downloads/1 Mbps uploads. Carriers receiving this support must build out broadband to 40% of funded locations by the end 2017, 60% by end of 2018, and 100% by the end of 2020.
Click here to read more.