FCC bans purchase of Huawei, ZTE equipment for subsidized wireless networks

Managed by the FCC, the Universal Service Fund (USF) collects fees charged to telecom companies quarterly and disburses $8.5 billion a year. Of course, most of these companies pass the charge along to consumers to pay each month. So what is this money used for, you ask? It is disbursed to help everyone in the U.S. gain access to telecommunication services. Among the beneficiaries of the fund are Americans living in rural areas that would otherwise be unable to access the internet. On Friday, (via ) to ban the USF from purchasing equipment made by Huawei and ZTE from certain projects paid ...

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