financetom
Technology
financetom
/
Technology
/
Telecoms seek to block US reinstatement of net neutrality rules
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Telecoms seek to block US reinstatement of net neutrality rules
Jun 5, 2024 2:06 PM

WASHINGTON (Reuters) - Telecom industry groups are seeking to block the Biden administration's reinstatement of landmark net neutrality rules set to take effect on July 22.

The Federal Communications Commission (FCC) voted in April along party lines to reassume regulatory oversight of broadband internet and reinstate open internet rules adopted in 2015 that were rescinded under former President Donald Trump.

The rules will bar internet service providers from blocking, slowing down traffic to certain websites, or engaging in paid prioritization of lawful content, as well as give the FCC new tools to crack down on Chinese telecom companies and the ability to monitor internet service outages.

Industry groups representing AT&T ( T ), Comcast ( CMCSA ), Verizon and others in recent days have filed legal challenges to the order in seven U.S. circuit courts.

The groups include USTelecom, NCTA, CTIA and ACA Connects, who asked the FCC to halt the order from taking effect so they can seek judicial review or if needed a court-issued order temporarily blocking the new rules.

Reinstating net neutrality has been a priority for President Joe Biden, who signed a July 2021 executive order encouraging the FCC to reinstate the rules adopted in 2015 under Democratic President Barack Obama.

The industry groups said the FCC "has once again claimed all-encompassing authority to regulate how Americans access the internet -- this time, adopting even more invasive rules than it did in 2015."

FCC Chair Jessica Rosenworcel said the commission will not pursue rate regulation and "not undermine incentives to invest in networks."

Democrats were stymied for nearly three years because they did not take majority control of the five-member FCC until October.

Under Trump, the FCC had argued net neutrality rules were unnecessary, blocked innovation and resulted in a decline in network investment by internet service providers, a contention disputed by Democrats.

Despite the 2017 decision to withdraw the requirement at the federal level, a dozen states now have net neutrality laws or regulations in place. Industry groups abandoned legal challenges to those state requirements in May 2022.

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 >
BT Group In Preliminary Talks With AT&T, Orange Over International Tie-Up Possibilities: Report
BT Group In Preliminary Talks With AT&T, Orange Over International Tie-Up Possibilities: Report
Mar 21, 2025
British multinational telecommunications giant BT Group ( BTGOF ) has reportedly approached AT&T Inc ( T ) and Orange SA ( FNCTF ) about possible partnerships. BT has approached major telecommunications companies about potential partnerships to revitalize its international business, Bloomberg reported Friday, citing people familiar with the matter. The discussions are still in the early stages, and the sources...
Prysmian signs deal with U.S. Relativity Networks for new fibre cables
Prysmian signs deal with U.S. Relativity Networks for new fibre cables
Mar 21, 2025
MILAN, March 21(Reuters) - Prysmian, the world's biggest cable maker, has signed a long-term partnership with U.S. firm Relativity Networks to produce hollow-core optical fibre cables to meet growing demand in data centres, the two companies said on Friday. Under the partnership, Prysmian will manufacture high-performance cables based on Relativity Networks' hollow-core fibre technology, for which the U.S. company is...
Chipmaker Micron's shares slump as tepid margin forecast eclipses AI prospects
Chipmaker Micron's shares slump as tepid margin forecast eclipses AI prospects
Mar 21, 2025
March 21 (Reuters) - Micron's shares fell 8% on Friday, as its dour margin forecast took the shine off a robust quarterly revenue outlook driven by demand for its semiconductors used in artificial intelligence tasks. Micron, one of only three providers of high-bandwidth memory (HBM) chips for data-intensive generative AI applications, forecast adjusted gross margin below estimates on Thursday, as...
BuildOps valued at $1 billion in funding round, plans to scale operations amid strong demand
BuildOps valued at $1 billion in funding round, plans to scale operations amid strong demand
Mar 21, 2025
March 21 (Reuters) - BuildOps said on Friday it has raised $127 million in a late-stage funding round at a valuation of $1 billion, as it looks to scale operations and meet growing demand from contractors for its AI-enabled software platform. The Series C funding round was led by Meritech Capital Partners and saw participation from new investors such as...
Copyright 2023-2026 - www.financetom.com All Rights Reserved