This document discusses how network virtualization through NFV (network functions virtualization) can benefit rural broadband providers. NFV allows software-based virtual network functions (VNFs) to replace expensive proprietary hardware, reducing costs through operational efficiencies. It provides rural providers flexibility to innovate, quickly launch new revenue-generating services, and customize the end-user experience. NFV also offers a pay-as-you-grow model through software licensing that minimizes upfront investment risks. The document argues NFV can help rural providers compete through lower prices, while gaining agility to adapt networks as needs change over time.