Cable Firms Fear Being Left in Dust in Biden Broadband Quest
- Worries that White House proposal may funnel money to rivals
- Cable critics hold key posts in the Biden administration
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The Biden administration’s multitrillion-dollar infrastructure proposal includes $100 billion to bring high-speed broadband to every American, an idea that might be expected to win applause from those who provide the service.
But cable companies such as Comcast Corp. and Charter Communications Inc. that connect about two-thirds of U.S. homes that have broadband service fear the plan’s specific call for “future-proof” technology could leave them facing subsidized competitors.