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Technology Stocks : The *NEW* Frank Coluccio Technology Forum

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From: Frank A. Coluccio11/21/2017 11:59:46 PM
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F.C.C. Plans Net Neutrality Repeal in a Victory for Telecoms
By CECILIA KANG | NY Times | NOV. 21, 2017

The Federal Communications Commission released a plan on Tuesday to dismantle landmark regulations that ensure equal access to the internet, clearing the way for internet service companies to charge users more to see certain content and to curb access to some websites. The proposal, made by the F.C.C. chairman, Ajit Pai, is a sweeping repeal of rules put in place by the Obama administration. The rules prohibit high-speed internet service providers, or I.S.P.s, from stopping or slowing down the delivery of websites. They also prevent the companies from charging customers extra fees for high-quality streaming and other services.

The announcement set off a fight over free speech and the control of the internet, pitting telecom titans like AT&T and Verizon against internet giants like Google and Amazon. The internet companies warned that rolling back the rules could make the telecom companies powerful gatekeepers to information and entertainment. The telecom companies say that the existing rules prevent them from offering customers a wider selection of services at higher and lower price points. “Under my proposal, the federal government will stop micromanaging the internet,” Mr. Pai said in a statement. “Instead, the F.C.C. would simply require internet service providers to be transparent about their practices so that consumers can buy the service plan that’s best for them.”

Mr. Pai, a Republican who has pursued an aggressive deregulation agenda, was widely expected to have his plan approved during a meeting on Dec. 14. The two other Republicans on the commission generally vote with Mr. Pai, giving them a majority over the two Democrats.

Cont.: nytimes.com

fac: here we go again... I sense the FCC slowly going the way of the DEP, soon after it throws a monkey wrench into the workings of the FTC... in another account of this story from FOX News, Pai is quoted as saying: "Working with my colleagues, I look forward to returning to the light-touch, market-based framework that unleashed the digital revolution and benefited consumers here and around the world,” Pai said. Maybe Pai woulld like to return to the good old days of the Bell System, which, when finally dismantled, also served as the springboard that unleashed the original digital revolution and benefited consumers around the world"!!

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