The federal government has spent $12.82B in the last two years helping low-income households pay for internet service. Almost a quarter of it has gone to one company, The Wall Street Journal’s Ryan Tracy and Patience Haggin report. Charter Communications (CHTR) received $3.01B through the Affordable Connectivity Program, or ACP, according to a Wall Street Journal analysis of federal spending data, a larger slice than any of its competitors. Charter’s use of the program has come to the attention of regulators, who are examining some of its practices, people familiar with the matter said. Try Now>>See the top stocks recommended by analysts >>Read More on CHTR:

Source: Wall Street Journal January 26, 2024 11:34 UTC