US FCC To Propose Higher Broadband Speeds (GOOG, CMCSA, TWX, T, VZ)
By Benzinga Staff
February 16, 2010 2:06 PM
February 16, 2010 2:06 PM
US Federal Communications Commission Chairman Julius Genachowski on Tuesday said that the agency would propose a minimum internet speed for American households. Named the “100 Squared Initiative”, the agency aims to bring 100 megabits of speed per second to 100 million households.
This proposal follows an announcement by Google (NASDAQ: GOOG) that it would build a super-fast internet network for nearly half a million people. This could pressurize other telecom companies to lessen web control access in the US.
Other major players in the US are Comcast Corp. (NASDAQ: CMCSA), Time Warner, Inc. (NYSE: TWX), AT&T, Inc. (NYSE: T), and Verizon Communications, Inc. (NYSE: VZ).
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