Interim FCC Chairman Clyburn issues order for funds to enable greater
access to high-speed broadband for all Americans
HUNTSVILLE, Ala.--(BUSINESS WIRE)--May. 23, 2013--
ADTRAN®,
Inc., (NASDAQ:ADTN), a leading provider of next-generation
networking solutions, announced its support for the FCC and Interim FCC
Chairman Mignon Clyburn’s actions to make $485 million available in the
second round CAF Phase 1 Order issued today. The new order provides $300
million of 2013 funding for unserved and underserved broadband
infrastructure investment. It also makes available the $185 million of
first round CAF Phase 1 funds that were unclaimed in 2012.
In this order, the FCC addressed many of the issues that have held back
acceptance of first round CAF funding and additional CapEx investments
by broadband service providers. As a result, several of the top price
cap carriers have committed to match these funds with private
investment. This week’s actions by the FCC will enable U.S. broadband
carriers to build out the infrastructure needed to deploy high-speed
broadband services in rural communities across the country.
“ADTRAN applauds the efforts of Interim FCC Chairman Clyburn and the FCC
to address CAF Phase 1 funding rules and the FCC’s recent progress on
the CAF Phase 2 program. U.S. carriers now have access to funding that
can be leveraged with private investment to build out broadband
infrastructure for unserved and underserved communities across our
country,” said Tom Stanton, chairman and chief executive officer for
ADTRAN.
About ADTRAN
ADTRAN, Inc. is a leading global provider of networking and
communications equipment. ADTRAN’s products enable voice, data, video
and Internet communications across a variety of network infrastructures.
ADTRAN solutions are currently in use by service providers, private
enterprises, government organizations, and millions of individual users
worldwide. For more information, please visit www.adtran.com.
Source: ADTRAN, Inc.
Connect2 Communications for ADTRAN, Inc.
Halley Spong, 919-435-9126
Halley@connect2comm.com