Kinetic wins state approvals of $156M in BEAD grants

Kinetic received preliminary approval of federal Broadband Equity Access and Deployment program grants in Georgia and three other states that will enable multi-gigabit fiber connections to approximately 52,000 rural homes and businesses, including nearly 50,000 in Georgia. The grants, which total $156.6M, were provisionally awarded by the individual states and are subject to final approval by the National Telecommunications and Information Administration, a part of the U.S. Commerce Department. Kinetic’s provisional BEAD awards are: Georgia: $147.3M for 49,346 locations; Arkansas: $5M for 1,395 locations; New Mexico: $2M for 280 locations; North Carolina: $2.3M for 943 locations.