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.
Situated in the thriving Dallas Technology Corridor, the ACCoRD project’s center will be a hub for innovation, fostering the creation of new testing methodologies and solutions. Complementing this central facility, a satellite facility will be set up in the Washington, D.C. area, further reinforcing the project’s reach and impact.
The allocated funding is part of the final award under the Public Wireless Supply Chain Innovation Fund’s initial funding notice. U.S. Secretary of Commerce, Gina Raimondo, highlighted that this $1.5 billion program, spanning a decade, is geared towards bolstering open and interoperable networks and positioning America as a global telecommunications leader. Furthermore, the program is expected to fortify supply chains and contribute to cost reduction efforts within the industry.
To date, an impressive $140 million has been distributed from the Innovation Fund, underscoring the U.S. government’s commitment to driving technological advancements in the telecommunications sector.
Disclaimer: This article is for informational purposes only and should not be construed as investment or financial advice. The information is based on reliable sources, but there is no guarantee of its accuracy. Please conduct your own research and consult with a professional before making any investment decisions.
Analyst comment
Positive news. The allocation of $42.3 million for the Open RAN Deployment Project, led by industry giants AT&T and Verizon, will establish a cutting-edge center for research and innovation. This initiative aims to enhance network performance, interoperability, and security, positioning America as a global telecommunications leader. The funding will contribute to technological advancements, bolster supply chains, and reduce costs in the industry. This will likely drive market growth and create new opportunities for stakeholders.
