Cable & Telecom

Universal Broadband Fund’s rapid response stream still hasn’t disbursed all money

By Ahmad Hathout OTTAWA – The rapid build stream of the $3.225-billion Universal Broadband Fund, which was supposed to have projects completed by November 2021, has yet to allocate all the money to project proponents, according to government data as of January 30. When the federal government announced the initial iteration of the $1.75-billion program in November 2020 to connect over 900,000 households to high-speed internet, it allocated $150 million to projects that could be completed by November 2021. But according to government data released in response to questions from Conservative member of Parliament Dan Mazier, UBF administrator Innovation Canada...