AT&T needs the seven largest and most worthwhile tech corporations, namely Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, to assist subsidize Web and phone entry within the U.S.
AT&T CEO John Stankey stated on Monday at a telecoms discussion board that large tech corporations must be required to contribute to the Universal Service Fund (USF), a federal program that spends $8 billion a 12 months on telephone, Web, and different telecommunications providers.
The fund helps lower-income clients, clients who dwell in rural areas, or those that reside in high-cost areas. It additionally brings web and telephone service to eligible colleges and libraries.
“The seven largest and most worthwhile corporations on the earth constructed their franchises on the web and the infrastructure we offer,” Stankey stated, per a Reuters report.
“Why should not they take part in making certain reasonably priced and equitable entry to the providers of at present which might be simply as indispensable because the telephone strains of yesteryear?” he added.
John Stankey, AT&T CEO. Credit score: David Paul Morris/Bloomberg by way of Getty Pictures
As a telecommunications firm working within the U.S., AT&T is required to contribute to the USF.
The fund takes a percentage of AT&T’s revenues, beginning at 15.5%.
AT&T costs its clients a Common Connectivity Cost based mostly on the USF proportion — so on the finish of the day, AT&T’s clients pay an extra value that goes in direction of the fund.
“Within the aggressive business we’re in, we can’t afford to soak up the prices related to the USF which were imposed on AT&T,” an organization webpage reads.
Associated: AT&T CEO Reveals Cause of Mass Outage, Offers Account Credit
Stankey is not the one AT&T govt to just lately name consideration to the USF charge. Earlier this month, AT&T govt vice chairman of federal regulatory relations Rhonda Johnson wrote that the corporate’s USF contribution proportion was now 34.4% — and had remained at above 30% for the previous 4 quarters.
Johnson wrote that Congress ought to increase the USF’s sources of funding to “tech corporations – like Meta and Google – that make the most of client broadband connections.”
These large tech corporations have profited from having Individuals on-line and must also contribute to a reformed fund, in accordance with Johnson.
Associated: AT&T Customer Data Leaked to ‘Dark Web,’ Millions Affected
AT&T needs the seven largest and most worthwhile tech corporations, namely Apple, Amazon, Alphabet, Meta, Microsoft, Nvidia, and Tesla, to assist subsidize Web and phone entry within the U.S.
AT&T CEO John Stankey stated on Monday at a telecoms discussion board that large tech corporations must be required to contribute to the Universal Service Fund (USF), a federal program that spends $8 billion a 12 months on telephone, Web, and different telecommunications providers.
The fund helps lower-income clients, clients who dwell in rural areas, or those that reside in high-cost areas. It additionally brings web and telephone service to eligible colleges and libraries.
“The seven largest and most worthwhile corporations on the earth constructed their franchises on the web and the infrastructure we offer,” Stankey stated, per a Reuters report.
“Why should not they take part in making certain reasonably priced and equitable entry to the providers of at present which might be simply as indispensable because the telephone strains of yesteryear?” he added.
John Stankey, AT&T CEO. Credit score: David Paul Morris/Bloomberg by way of Getty Pictures
As a telecommunications firm working within the U.S., AT&T is required to contribute to the USF.
The fund takes a percentage of AT&T’s revenues, beginning at 15.5%.
AT&T costs its clients a Common Connectivity Cost based mostly on the USF proportion — so on the finish of the day, AT&T’s clients pay an extra value that goes in direction of the fund.
“Within the aggressive business we’re in, we can’t afford to soak up the prices related to the USF which were imposed on AT&T,” an organization webpage reads.
Associated: AT&T CEO Reveals Cause of Mass Outage, Offers Account Credit
Stankey is not the one AT&T govt to just lately name consideration to the USF charge. Earlier this month, AT&T govt vice chairman of federal regulatory relations Rhonda Johnson wrote that the corporate’s USF contribution proportion was now 34.4% — and had remained at above 30% for the previous 4 quarters.
Johnson wrote that Congress ought to increase the USF’s sources of funding to “tech corporations – like Meta and Google – that make the most of client broadband connections.”
These large tech corporations have profited from having Individuals on-line and must also contribute to a reformed fund, in accordance with Johnson.
Associated: AT&T Customer Data Leaked to ‘Dark Web,’ Millions Affected