Kinetic, a leading residential and business fiber internet provider and a Uniti brand, announced preliminary approval for $156 million in federal Broadband Equity Access and Deployment (BEAD) program grants. These grants will facilitate the expansion of multi-gigabit fiber connections to approximately 52,000 rural homes and businesses across Georgia and three other states.
A significant portion of this funding, nearly $50 million, is allocated for Georgia alone, underscoring the scale of the planned infrastructure development. This investment is crucial for bridging the digital divide in underserved rural communities by providing access to high-speed internet.
The BEAD grants will enable Kinetic to accelerate its fiber buildout strategy, bringing advanced connectivity to areas that previously lacked robust broadband options. This expansion is expected to drive subscriber growth and reinforce Kinetic's position as a premier fiber provider in its markets.
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