GAO: REA loans may be financing forays by cable, DBS competitors. (General Accounting Office; Rural Electrification Administration; direct broadcast satellite)

From: Multichannel News | Date: August 16, 1993| Author: Thompson, Rachel W. | Copyright information

Critics of low-cost Rural Electrification Administration loans, particularly cable and satellite companies who compete with REA borrowers in rural markets, will undoubtedly cite a new General Accounting Office report in their efforts to have REA programs curtailed or eliminated.

A survey undertaken by the GAO at the behest of Illinois Rep. John Porter (R) concludes, among other things, that electric and telephone a companies in rural America "may have access to financial res...

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