Improved Broadband Maps Coming in Fall
During a recent U.S. House Energy and Commerce Committee Oversight hearing, FCC Chairwoman Jessica Rosenworcel committed that improved broadband maps, needed to adequately disperse billions in federal infrastructure dollars, will come this fall. The National Telecommunications and Information Administration (NTIA) will be delivering $42.5 billion from the Infrastructure Investment and Jobs Act for broadband infrastructure, but accurate maps are needed. Without accurate broadband maps, funding cannot be dispersed.
The Federal Communications Commission (FCC) has brought in broadband architects, new systems to handle the data and have beta tested those systems. The maps will be released to the states for their input on accuracy. Internet service providers (ISP) will also be provided the opportunity to submit their data to help form the maps.
AT&T's Spinoff of WarnerMedia Completed
AT&T returns to focusing on core wireless and broadband services after getting out of the media business. A recent transaction will spinoff 100% of AT&T existing shareholders in a pro-rata distribution, followed by the merger of WarnerMedia with Discovery, sometime in the second quarter of 2022. The new publicly traded company will be called Warner Bro. Discovery. The new executive team will blend leaders from both organizations. David Zaslav will take the reins of Warner Bro. Discovery.
Federal Judges Rule on Ohio U.S. House Races
A three-judge panel has determined to not move forward on a request to stop the certification of the May 3rd Congressional primaries. A group from Youngstown, Ohio requested the federal court to intervene in Ohio's Congressional races, arguing the results should not be certified because racial demographics were not considered when drawing the new district map adopted by the Ohio Redistricting Commission on March 2, 2022. They allege that it violates the Voting Rights Act.
U.S. District Judge Algenon Marbley ruled that the motion by the Youngstown voters was outside of the scope of the original case.
Fixed Wireless Access (FWA) Predicted to Grow
Several analysts have predicted there is plenty of growth in the Fixed Wireless Access (FWA) market. Carriers like Verizon and T-Mobile are loaded with capacity, but analysts are not seeing any data-heavy apps utilizing it all. As a result, wireless operators are moving into the FWA business in order to make a profit from their 5G network capacity. Various analysts, such as Cowen, Mogan Stanley and New Street Research, are predicting that FWA providers, collectively, could add over 2 million plus new customers during 2022 with continuing growth over the next 4-5 years.
It is expected that this FWA trend, along with a decline in the sale of DSL services, new fiber network buildouts, and fewer people moving into new homes, will affect the cable industry.
Ohio's Tax Revenues Keeping Pace - Higher than Expected
After three-quarters through the current fiscal year, Ohio's tax revenues have increased approximately 7.7% ($1.4 billion) more than what was projected. According to the Office of Budget & Management, that increase was partially offset by disbursements coming from Medicaid spending. The administration's revenue data shows that in March, tax revenue beat projections by $324 million. OBM DIrector Kimberly Murnieks said that "Ohio continues to outpace estimates and our economic outlook is positive.
Across all tax categories, with the exception of cigarette and other tobacco revenues, tax receipts were higher than expected. She attributed the results to Governor Mike DeWine's conservative balanced budget approach.
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