[HN Gopher] Internet providers that won FCC grants try to escape...
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       Internet providers that won FCC grants try to escape broadband
       commitments
        
       Author : specto
       Score  : 30 points
       Date   : 2023-08-02 21:38 UTC (1 hours ago)
        
 (HTM) web link (arstechnica.com)
 (TXT) w3m dump (arstechnica.com)
        
       | pessimizer wrote:
       | That's what they're economically motivated to do, and it will
       | work. The main job of your insurance companies is to find a way
       | to refuse your claim, and the main job of the recipients of
       | government grants is to reduce deliverables and compliance
       | monitoring.
       | 
       | -----
       | 
       | > Telecom industry consultant Doug Dawson wrote a blog post
       | calling the RDOF process "badly flawed since the beginning. Some
       | auction winners bid down prices a lot lower than expected. The
       | areas that were available in many places are scattered and don't
       | create a reasonable footprint for building a broadband solution."
       | 
       | > "I have no doubt that many RDOF winners are now looking at a
       | broken financial model for fulfilling their promise. They are
       | stuck with a terrible dilemma--build the promised networks and
       | have a losing business or pay a substantial penalty to withdraw
       | from RDOF," Dawson wrote.
       | 
       | https://en.wikipedia.org/wiki/Winner's_curse
        
         | polygamous_bat wrote:
         | Invisible hand of the market in action, isn't that wonderful.
        
         | Sniffnoy wrote:
         | Hm, I guess a second-price auction would only help somewhat
         | with that, huh?
        
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       (page generated 2023-08-02 23:01 UTC)