RDOF Coalition Urges FCC to Adopt Letter of Credit Waiver
A coalition of Rural Digital Opportunity Fund Phase I auction winners asked the FCC to adopt a similar waiver that NTIA released regarding the letter of credit (LOC) requirements for the broadband, equity, access, and deployment program. The group said…
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in a meeting with an aide to Commissioner Brendan Carr that relief is "urgently needed because major banks are getting their Weiss safety ratings downgraded," according to an ex parte filing Tuesday in docket 19-126. RDOF winners "should not be forced to expend significant costs in playing a constant game of 'musical chairs' with the banks they use for their LOCs," the coalition said.