High-speed internet has proven to be as essential as a utility over the past several months, as the novel coronavirus COVID-19 pandemic has forced businesses and schools across the country to close as people “shelter in place.”
According to Fitch Ratings, broadband infrastructure projects are receiving more government attention and policy consideration as it becomes increasingly apparent that broadband is a necessary service, given the level of business, education and entertainment activity that has shifted online.
“Lockdown measures have highlighted the necessity of internet connectivity and deficiencies in existing broadband infrastructure, underscoring the importance of expanded and improved access,” stated Fitch Ratings. “Broadband will remain essential after the peak of the crisis as people continue to work and attend classes remotely.”
The Coronavirus Aid, Relief and Economic Security (CARES) Act accounts for this necessity, by allocating $200
