FCC Denies AT&T's Request On Delaying Open Internet Rules

Implementation of Open Internet rules will move forward following an FCC ruling against AT&T Inc. T and other telecom companies.

The FCC’s Wireless Competition Bureau chief Julie Veach and Wireless Telecommunications Bureau chief Roger Sherman issued the ruling on Friday.

The companies were seeking a stay that would delay reclassifying internet service providers as “common carriers” and the internet as a public utility which will subject them to increased regulations.

“AT&T claims the new regulations harm public interest, and the court's latest decree states that AT&T did not properly demonstrate the harm that would be brought to the public interest if the stay was to be denied,” according to a Slash Gear report.

It was expected that AT&T would continue to fight against further government regulation as the company’s argument was not against an open internet, but rather the government’s classification of it as a public utility.

AT&T Inc. recently traded at $33.60, down 0.27 percent.

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsFCCJulie VeachRoger ShermanSlash Gear
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!