I'm not certain how to prove or disprove your statement, so for now I'll assume it's true. But, from the article, it seems like this money is going to the states, themselves:

The amount each state, territory and Washington, D.C., will receive from the $42.5 billion program depends primarily on the number of unserved locations in each jurisdiction or those locations that lack access to internet speeds of at least 25 megabits per second download and 3 Mbps upload.

and

States will have until the end of the year to submit initial proposals outlining how they plan to use the money, which won’t begin to be distributed until those plans are approved

and

Under the rules of the program, states must prioritize connecting predominantly unserved areas before bolstering service in underserved areas, or those without access to internet speeds of 100 Mbps/20 Mbps, and community anchor institutions, such as schools and libraries.

So I think it is a little more nuanced than just giving telcos free money.