NRECA, Nokia Support Loosening CAF-II LOC Requirements

The National Rural Electric Cooperative Association supports other industry groups endorsing a petition to loosen letter of credit requirements in the Connect America Fund Phase II program to more closely align with less restrictive requirements adopted early this year for the Rural Digital Opportunity Fund. Comments posted through Wednesday in docket 10-90. NRECA said the action would free more money for network deployments and increase likelihood CAF II awardees participate in the RDOF phase I auction. Nokia also supported the petition.