Astound forfeits ~$166M in provisional Texas BEAD awards over rising costs
Astound VP Fred Maldonado said the company is walking away from BEAD grants in Texas after the state awarded only 5 of its 33 applications, leaving noncontiguous, uneconomical build areas. Public records show Astound forfeited about $166 million in provisional Texas awards, with rising construction costs and elapsed time since application cited as key factors. Other Texas providers, including Resound Networks, also stepped away from portions of their awards.
Providers: Astound, Resound Networks · Amount: $166.0M Source