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NTIA Secures $42.3M Boost for Telecom: New Era in Networking?

The National Telecommunications and Information Administration (NTIA) has received $42.3 million funding for the Open RAN Deployment project. Led by AT&T and Verizon, this initiative aims to enhance network performance and establish America as a telecommunications leader. The funding will drive technological advancements, bolster supply chains, and reduce costs.

by Lilu Anderson
Tue, Feb 13, 2024 6:58pm
in Technology
• 2 mins read
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NTIA Secures .3M Boost for Telecom: New Era in Networking? | FinOracle

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NTIA Allocates $42.3 Million for Open RAN Deployment Project

The National Telecommunications and Information Administration (NTIA) has secured a substantial $42.3 million in funding for the Acceleration of Compatibility and Commercialization for Open RAN Deployments (ACCoRD) project. Spearheaded by an alliance between industry giants AT&T and Verizon, along with key academic partners, this bold endeavor aims to establish a cutting-edge center dedicated to testing, evaluating, and advancing research focused on network performance, interoperability, and security.

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