financetom
Technology
financetom
/
Technology
/
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
Jun 24, 2024 11:49 AM

WASHINGTON (Reuters) - AT&T ( T ) CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services.

Under current law, fees are assessed on wireless and landline telephone service subscribers to support the Universal Service Fund.

"The seven largest and most profitable companies in the world built their franchises on the internet and the infrastructure we provide," Stankey said in remarks at a telecom industry forum in Utah.

"Why shouldn't they participate in ensuring affordable and equitable access to the services of today that are just as indispensable as the phone lines of yesteryear."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Feb 6, 2025
Feb 5 (Reuters) - Cognizant Technology Solutions ( CTSH ) forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy. Persistent high capital costs continue to strain IT spending, prompting enterprises to rethink spending on consultancy services while prioritizing investments in AI-related projects....
Thailand lobbies for chip investments as Trump's trade war with China kicks off
Thailand lobbies for chip investments as Trump's trade war with China kicks off
Feb 6, 2025
* Aiming to have draft of plan for chip industry ready in 3 months * Thai Investment Board working on roadshows to draw investment * Thailand logged 10-year high in value of investment applications in 2024 By Devjyot Ghoshal and Chayut Setboonsarng BANGKOK, Feb 6 (Reuters) - Thailand aims to have an initial draft of a strategic plan for its...
DeepSeek fever fuels patriotic bets on Chinese AI stocks
DeepSeek fever fuels patriotic bets on Chinese AI stocks
Feb 6, 2025
SHANGHAI/HONGKONG (Reuters) -Chinese investors are rushing into AI-related stocks, betting the artificial intelligence advance of home-grown startup DeepSeek will lead to a boom in the sector and give the initiative to China in an intensifying Sino-U.S. technology war. Feverish buying has pumped up shares of Chinese chipmakers, software designers and data centre operators amid patriotic calls for an upward repricing...
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Cognizant forecasts 2025 revenue below estimates as businesses temper IT spending
Feb 6, 2025
(Reuters) -Cognizant Technology Solutions forecast annual revenue below estimates on Wednesday, as uncertainty about the path of future interest rate cuts forces companies to temper spending on IT services and consultancy. Persistent high capital costs continue to strain IT spending, prompting enterprises to rethink spending on consultancy services while prioritizing investments in AI-related projects. Still, an increase in spending by...
Copyright 2023-2025 - www.financetom.com All Rights Reserved