Astound Broadband Walks Away from ~$165M in Texas BEAD Funding
Astound Broadband forfeited about $165–166 million in provisional Texas BEAD awards after the state approved only 5 of the 33 project applications it submitted, which were designed to form a single contiguous fiber route extending from its existing network into more than 30 counties. Astound VP Fred Maldonado said the partial approval left it with disconnected counties far from its footprint, making the build uneconomical, especially amid rising costs during the lengthy award process. The Texas Broadband Development Office confirmed four tentative grant winners, including Astound and Resound Networks, rescinded their awards, affecting roughly 31,000 locations.
Providers: Astound Broadband · Amount: $165.0M Source