Telecoms seek to block US reinstatement of net neutrality rules
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jun 05 2024
0mins
Source: Yahoo Finance
- Telecom Industry Challenges Biden Administration: Telecom industry groups are trying to block the reinstatement of net neutrality rules by the Biden administration.
- Net Neutrality Rules Reinstated: The FCC voted to reinstate open internet rules from 2015, preventing ISPs from blocking or slowing down traffic to certain websites.
- Legal Challenges Filed: Industry groups like AT&T, Comcast, and Verizon have filed legal challenges in seven U.S. circuit courts against the order.
- Biden's Executive Order: President Biden signed an executive order in July 2021 encouraging the FCC to reinstate net neutrality rules.
- Industry Concerns: Industry groups argue that the FCC's new rules are overly invasive and could hinder investment in network infrastructure.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
