[NEW:]Fiber is no longer the main focus: Lutnick’s BEAD initiative is expected to advantage wireless and satellite services.

Commerce Secretary Howard Lutnick announced a significant overhaul of the $42 billion Broadband Equity, Access, and Deployment (BEAD) program, signaling a shift from its previous fiber-centric focus. Fiber optics, once seen as the cornerstone for high-speed internet infrastructure, could become less viable due to escalating costs and a new “tech-neutral” approach. The Commerce Secretary’s initiatives could result in wireless infrastructure …