The Federal Communications Commission has adopted a new rule aimed at improving competitive broadband service offerings for tenants in multifamily buildings. The mechanism: prohibiting profitable revenue-sharing agreements between providers and property owners.
The direction has been clear since 2021 when President Joe Biden asked the FCC to stop such arrangements, as Bloomberg reported at the time.
Bloomberg noted that Biden's plan faced opposition from business groups, with cable companies and landlords saying exclusivity deals help spread broadband investment.
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