At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity.
“It’s the biggest investment in high-speed internet ever, because for today’s economy to work for everyone, internet access is just as important as electricity, water, or other basic services,” Biden said.
For retail investors, the prospect of additional federal money flooding the broadband internet ecosystem will open up opportunities. Broadband internet providers will benefit long-term, as they’ll be the ones building out networks, adding capacity, and enrolling new customers.
So, let’s look at two stocks that are set to reap the rewards of the…
2023-08-08 19:30:22
Article from finance.yahoo.com
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