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In the past, they dumped the money on the largest telecom companies and ask them to make internet faster, and the telecom companies pocket it/pass it off to shareholders and improve nothing.
Looking at the Middle Mile Broadband Infrastructure Program recipients list, the very largest telecom companies are not listed, so maybe this time will be different.
A reminder that while for profit companies could provide for systemic needs and underserved communities, they won’t if there isn’t enough of a profit margin for them.