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Q2 Has Lowest USF Revenue; Contribution Factor Shatters Record

Q2 USF revenue will be around $9.9 billion, Universal Service Administrative Co. reported Tuesday. The sequential drop of about $163 million makes it the "lowest quarterly revenue" ever, said analyst Billy Jack Gregg. The contribution factor, as expected, will increase…

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from 31.8% to 33.4% (see 2102010059).