Updated at 3 p.m. PST with comments from industry representatives.
President Obama signed into law on Tuesday the $787 billion stimulus package, which includes $7.2 billion for broadband grant and loan programs.
Both the House of Representatives and the Senate on Friday approved a conference report that reconciled the two chambers' versions of the bill.
The bulk of the funds directed at broadband--$4.7 billion--will be distributed through a program run by the Commerce Department, while $2.5 billion will fall under the jurisdiction of the Agriculture Department, giving particular emphasis to broadband deployment in rural areas. … Read more