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Telco Buzz

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The FCC reaffirmed a decision that denied Starlink the opportunity to receive support through the Rural Digital Opportunity Fund program. Telco Buzz

The FCC recently reiterated its denial of Starlink’s bid to gain nearly $900M in support from the Rural Digital Opportunity Fund program. Despite Starlink’s impressive technology, FCC Chairwoman Jessica Rosenworcel questioned the wisdom in subsidizing the still evolving tech until 2032. Starlink had initially received the lofty sum in a 2020 auction but was later deemed inadequate in verifying its capabilities.

The telecommunications leader, Altice, is looking for solutions to manage its large pile of debt, which totals around $60 billion. Telco Buzz

Discover how Telecommunications giant Altice, facing a whopping $60 billion debt, eyes its Portuguese operation Meo as a lifeline. Amid debt woes, other challenges surface, including a scandal involving co-founder Armando Pereira. International telecom players are also in motion, with the Saudi STC Group asserting its presence in Europe, and UAE-based e& planning to increase its stake in Vodafone.