Market Overview

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

Share:

Implementation of Open Internet rules will move forward following an FCC ruling against AT&T Inc. (NYSE: 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 recently traded at $33.60, down 0.27 percent.

 

Related Articles (T)

View Comments and Join the Discussion!

Posted-In: FCC Julie Veach Roger Sherman Slash GearNews Legal