24 Feb 2025
📡FCC Modifies Letters of Credit Requirements for Broadband Support
Connect America Fund et al.
Summary
In this document, the Federal Communications Commission (the Commission) makes targeted modifications to the requirements for letters of credit (LOCs) that recipients of Universal Service Fund (USF) high-cost support awarded through a competitive process must obtain.
Agencies
- Federal Communications Commission
Business Impact
$$$ - High
The content outlines significant regulatory changes impacting business owners in telecommunications. Modifications to letters of credit (LOCs) for Universal Service Fund high-cost support recipients streamline financial requirements, potentially alleviating financial burdens and encouraging broadband deployment, which directly affects businesses within the industry.