Infrastructure Bill Could Create Windfall for Cable, Fiber Internet Companies

The $1 trillion infrastructure bill moving through the Senate stands to be a windfall for cable and fiber-optic internet companies, with $65 billion allocated to improve internet access for poor and isolated communities. The plan, which must still be reconciled with a House version, would help home internet providers such as AT&T Inc. and Charter Communications Inc. by providing $40 billion in grants that states can dole out to operators that expand their networks to households that lack high-speed service.