In a move that has been welcomed by small, community-based providers, the Natonal Telecommunications Informaton Administration (NTIA) has released a waiver for the letter of credit requirement under the BEAD program.
Writing on the Keller and Heckman blog, telecommunications attorney Sean A. Stokes says, "This is big news for small and mid-size public and private entities that might not otherwise have been able to meet the LOC requirements."
There were deep concerns that the letter of credit requirement would have a chilling effect on smaller broadband providers who are interested in applying for BEAD funds to build out broadband in unserved and underserved areas, but were not in a position to follow the original LOC rules.
You can read another take about the BEAD letter of credit programmatic waiver at Fierce Telecom.
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