Velocity Warns of Existential Threat from Rip-and-Replace Program
Velocity Communications asked the FCC to extend by six months the deadline to remove Chinese components from its networks to comply with the agency's rip-and-replace program. The company warned that its future is at stake and it needs more funding…
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to proceed. Congress recently allocated an additional $3.08 billion to close the funding shortfall in the FCC’s Secure and Trusted Communications Networks Reimbursement Program (see 2412240036). “What started as a 1-year project timeline to complete the network overhaul has turned into a multi-year effort to save the business from becoming insolvent,” a filing posted Friday in docket 18-89 said.