Stock Ticker

  • Loading stock data...

AT&T Inc. (NYSE:T) Joins Hands With The Other U.S. Telecom Companies To Thwart Proposed Internet Rules

Centurylink Inc (NYSE:CTL), AT&T Inc. (NYSE:T) and the U.S. Telecom and Cable Industry Conglomerates have joined hands in its fight against the introduction of new Internet rules. The telecom firms said the new rules will require additional investments in addition to coping up with compliance costs.

The telecom firms have not specified anything about net neutrality that bars the Internet providers slowing down or preventing the web traffic in its recent plea to the Federal Communications Commission.

Their main intention is to stop the FCC from implementing its new rules on a broadband internet that bans the Internet provider’s action of restricting the user’s access to the net. The new rules will be effective from June 12, 2015.

The FCC is likely to reject the appeal filed by the Telecom prodders in the U.S. However; it may make the way for the internet providers to approach the court to stop implementation of the new rules.

Already several lawsuits are pending in the U.S. courts against the FCC on the proposed Internet rules. Till now, it is not understood which court will take up the hearing on this matter.

The regulator requested the transfer of all pending cases on net neutrality to the District of Columbia Circuit Court in the U.S. on Thursday. After rejecting all of the earlier cases on net neutrality, the court has granted permission to the FCC to frame new internet regulations.

Who will get affected by the new set of FCC rules?

According to the arguments likely to come up in the court, the Cable and Wireless firms have not opposed to the net neutrality principle. But they are against the tight controls by the regulator.

The executives at local and regional internet providers are of the view that new rules will increase compliance costs and limit the scope for broadband networks improvement.

The small Internet providers will be affected mostly if the new internet rules are implemented.

According to the executives, at AT&T Inc. (NYSE:T), the new rules are likely to drag their revenues by $400 million.

Published by Brendan Byrne

While studying economics, Brendan found himself comfortably falling down the rabbit hole of restaurant work, ultimately opening a consulting business and working as a private wine buyer. On a whim, he moved to China, and in his first week following a triumphant pub quiz victory, he found himself bleeding on the floor based on his arrogance. The same man who put him there offered him a job lecturing for the University of Wales in various sister universities throughout the Middle Kingdom. While primarily lecturing in descriptive and comparative statistics, Brendan simultaneously earned an Msc in Banking and International Finance from the University of Wales-Bangor. He's presently doing something he hates, respecting French people. Well, two, his wife and her mother in the lovely town of Antigua, Guatemala. You may contact Brendan via his email ([email protected]) or his Google+ page (https://plus.google.com/u/0/116608759701551457422).

Recent Stories

Sponsored Content

Sign Up To Get Our Latest Stocks Alerts