AT&T on Wednesday halted plans to expand superfast Internet service across the U.S. in what one analyst called a “symbolic protest” against President Obama’s call for public-utility regulation of broadband service. Obama on Monday urged the Federal Communications Commission to impose Title II regulation on cable TV and phone companies, a move opposed by Comcast (CMCSA), Verizon Communications (VZ) and others. Broadband service
AT&T (T) will put on hold plans to bring superfast, gigabit-per-second Internet service to as many as 100 cities until U.S. regulators or lawmakers iron out net neutrality regulations, the company’s chief executive said Wednesday. President Obama on Monday pressured the Federal Communications Commission to impose public utility-type regulation on high-speed Internet services. Obama’s policy directive sent shares in Comcast (CMCSA), Time Warner
President Barack Obama asked the Federal Communications Commission to impose utility-type regulation on broadband service providers, taking a harder line on net neutrality than FCC Chairman Tom Wheeler has planned to do. Shares in Comcast (CMCSA), Time Warner Cable (TWC), Verizon Communications (VZ) and Charter Communications (CHTR) fell on the stock market today after Obama released a video statement, in which he asked the FCC to reclassify the