FCC to cap USF

30 Apr 2008

US telecoms regulator, the Federal Communications Commission (FCC), is set to implement a limit on the size of the universal service fund (USF), which subsidises the provision of phone services in unprofitable rural areas. The USF is paid for via a charge added to the monthly bill of every phone user. The Wall Street Journal reports that the regulator is now looking to cap the size of the fund at its March 2008 level; the fund brought in almost USD7.2 billion in 2007.