Benzinga | Jun 7, 2021 03:49PM EDT

Over 2.3M US Households Signed for Broadband Subsidy: Reuters

* Congress's temporary $3.2 billion broadband subsidy program has seen over 2.3 million U.S. households subscribed, Reuters reported based on the Federal Communications Commission (FCC) data.

* Over 1,000 broadband providers have agreed to support the program aimed towards the lower-income and pandemic afflicted Americans to provide internet access to the underserved communities.

* Some providers expect the program initiated on May 12 to run out of funds in four to six months.

* Verizon Communications Inc (NYSE: VZ), T-Mobile US Inc (NASDAQ: TMUS), AT&T Inc (NYSE: T) are some of the U.S.'s major broadband providers.

* Reuters notes there are 33.2 million households eligible for the subsidy.