Tuesday, November 29, 2022

Biden unveils pact with internet companies to reduce prices By Reuters

© Reuters. FILE PHOTO: Internet LAN cables are pictured on this picture illustration taken in Sydney June 23, 2011. REUTERS/Tim Wimborne

By Alexandra Alper

WASHINGTON (Reuters) -Twenty internet suppliers, together with Verizon (NYSE:), Comcast (NASDAQ:) and AT&T (NYSE:), have dedicated to slicing prices or growing internet speeds for tens of millions of lower-income U.S. households, President Joe Biden stated on Monday.

“This can be a case the place massive enterprise stepped up,” stated Biden, who was joined by Vice President Kamala Harris within the White Home Rose Backyard to announce the plan alongside with executives from companies that present internet providers.

The commitments are a part of the Reasonably priced Connectivity Program (ACP), a part of an infrastructure regulation handed by Congress with help from Republicans and Biden’s Democrats final yr. It helps eligible American households reduce their internet payments by as a lot as $30 a yr, the White Home stated.

With the brand new commitments, tens of tens of millions of households which might be eligible for the ACP will obtain internet service freed from cost, it stated.

Households with low incomes can qualify for this system. Receiving federal help by different applications, comparable to meals subsidies or the Medicaid low-income medical health insurance applications, additionally makes a family eligible.

Biden stated the pandemic, with many individuals working from house, confirmed the significance of broadband.

“Excessive-speed internet shouldn’t be a luxurious any longer, it is a necessity,” he stated.

A senior administration official advised reporters on a convention name that the companies had made the commitments voluntarily. Biden directed individuals occupied with this system to the web site, Getinternet.gov.

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