![EMPOWER Seeks Lighter FCC Financing Rules as Part of RiverStreet Deal](/content/images/size/w600/2024/07/Boring-in-RiverRidge-1600x901.jpg)
EMPOWER Seeks Lighter FCC Financing Rules as Part of RiverStreet Deal
EMPOWER would be on the hook for a letter of credit equal to six years of subsidy support without a waiver.
EMPOWER would be on the hook for a letter of credit equal to six years of subsidy support without a waiver.
The first round of public comments is due on July 17 .
The companies told the FCC that the transaction will serve the public interest.
RiverStreet is seeking to divest 3,757 locations that were to receive about $8.1 million in annual CAF II broadband deployment support.
North Carolina
In the same notice, the FCC announced it will waive noncompliance penalties for an ISP unable to meet its obligations in the CAF II auction.