chanel
Silver Member
WASHINGTON/CHICAGO, Oct 22 (Reuters) - U.S. communications regulators voted unanimously Thursday to support an open Internet rule that would prevent telecom network operators from barring or blocking content based on the revenue it generates.
The vote came despite a flurry of lobbying against the net neutrality rule by telecommunications service providers like AT&T Inc (T.N), Verizon Communications Inc (VZ.N) and Qwest Communications International Inc (Q.N), which say it would strip them of the ability to manage their networks effectively and would stifle innovation and competition.
Advocates of net neutrality such as Google Inc (GOOG.O), Amazon.com Inc (AMZN.O) and public interest groups say Internet service providers must be barred from blocking or slowing traffic according to how much revenue the content generates.
But service providers say the increasing volume of bandwidth-hogging services, such as video sharing, requires active management of their networks.
AT&T President of Operations John Stankey said he is anticipating the rule with as much dread as if he were going to the funeral of a dear friend.
Verizon Communications warned of unintended consequences from government rulemaking and added it is seeking "common ground" with others in the industry on policies that would apply to all.
UPDATE 4-U.S. FCC commissioners support open Internet rule | Deals | Regulatory News | Reuters
Can someone explain this in plain English? Is this something we should be concerned about?