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AT&T wants to buy seven of the largest and most profitable technology companies. That is Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia and Tesla help subsidize internet and phone access in the US
AT&T CEO John Stankey said Monday at a communications forum that big tech companies Universal Service Fund (USF) is a federal program $8 billion How much do you spend on phone, internet and other communication services per year?
The funds will help customers who are low-income, live in rural or expensive areas, and will provide internet and phone service to eligible schools and libraries.
“Seven of the largest, most profitable companies in the world have built their franchises on the internet and the infrastructure that we provide,” Stankey said. Reuters report.
“Why wouldn’t they be a part of ensuring affordable and equitable access to today’s services that are as essential as old-fashioned telephone lines?” he added.
AT&T CEO John Stankey. Photo by David Paul Morris/Bloomberg via Getty Images
As a telecommunications company operating in the United States, AT&T Required To contribute to USF.
This fund is percentage It starts with 15.5% of AT&T’s revenue.
AT&T will charge its customers universal connectivity fees based on a percentage of the USF, meaning that ultimately, AT&T customers will pay extra costs that will go into the fund.
“In the highly competitive industry in which we operate, we cannot afford the USF-related costs imposed on us by AT&T,” the company said on its webpage. read.
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Stankey isn’t the only AT&T executive to have recently focused on USF’s rates. Earlier this month, Rhonda Johnson, AT&T’s vice president of federal regulatory affairs, I have written The company’s USF contribution rate currently stands at 34.4% and has remained above 30% for the past four quarters.
Johnson wrote that Congress should expand USF funding to include “technology companies like Meta and Google that use consumer broadband connections.”
Johnson said these big tech companies benefit from getting Americans online and should contribute to fund reform.
Related: AT&T customer data leaked onto the ‘dark web’, affecting millions