Colorado cancels $100 million BEAD award to Maverix Broadband over fund misuse
Colorado's broadband office canceled a $100 million BEAD award to Maverix Broadband after finding unpaid vendors and payments for materials never received, and is pursuing $3.2 million in missing funds through Maverix's bankruptcy case. Maverix cofounder David Lindauer disputes the state's findings, and Colorado plans to re-bid the 10,000 locations the company was set to serve.