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Big Stimulus Money Is Hitting the Wires

Posted on February 08th, 2010 in ATT, BTOP, Broadband Technologies Opportunities Program, India Shares, Infrastructure, National Broadband Mapping Program, Sprint Nextel, VZ, Verizon, stimulus

Filed under: Good news, Products and Services, AT and T (T), Sprint Nextel Corp (S), Verizon Communications (VZ)

One facet of the Obama administration’s sweeping stimulus initiatives of which I have taken particular interest is its protracted effort to increase our national broadband access and capabilities. In pursuit of that end, The Broadband Technologies Opportunities Program (BTOP), which seeks to build and enhance broadband access in unserved and underserved regions of our country, has been provided with over $4.5 billion in Recovery Act funds.

I am pleased to report that amazingly, BTOP has already dispensed with much of the red tape that might normally bog down an effort of this magnitude. Large chunks of BTOP funds are beginning to be granted. In the short term, the benefit of this program may well be to create jobs. In the long term, these infrastructure improvements could possibly increase the profit bases of companies such as Verizon Communications (VZ), Sprint Nextel Corp. (S), AT&T (ATT) and a host of other digital communication and entertainment providers.

Continue reading Big Stimulus Money Is Hitting the Wires

Big Stimulus Money Is Hitting the Wires originally appeared on BloggingStocks on Mon, 08 Feb 2010 12:30:00 EST. Please see our terms for use of feeds.

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