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6 mentions found


☆ Net neutrality is back as FCC votes to regulate internet providers
  + stars: | 2024-04-25 | by ( Brian Fung | ) edition.cnn.com   time to read: +6 min
The net neutrality regulations adopted Thursday by the Federal Communications Commission prohibit providers such as AT&T, Comcast and Verizon from selectively speeding up, slowing down or blocking users’ internet traffic. And for the first time, the FCC said it would step in to override state or local policies that conflict with the federal net neutrality rule. “The Title II authority will ensure that broadband providers are properly overseen by the FCC like all telecommunications services should be. “These 400-plus pages of relentless regulation are proof positive that old orthodoxies die hard,” said Jonathan Spalter, CEO of USTelecom, a trade association representing internet providers. As a result, the outcome of a legal challenge to the FCC’s net neutrality rules could have potentially broad ramifications for other US regulatory bodies, not just the FCC.
Persons: Trump, Jessica Rosenworcel, Rosenworcel, ” Rosenworcel, ”, Justin Brookman, Biden, Jonathan Spalter, Brendan Carr Organizations: Washington CNN, Federal Communications Commission, Comcast, Verizon, Democratic, FCC, “, Consumer, Trump, Republican, Communications Locations: unwound, Washington, America
☆ F.C.C. Moves Toward Restoring Net Neutrality Rules, Igniting Regulatory Fight
  + stars: | 2023-10-19 | by ( Cecilia Kang | More About Cecilia Kang | ) www.nytimes.com   time to read: +3 min
Why It MattersBy voting to move ahead with a proposal to restore net neutrality, the F.C.C. The agency will then be able to police broadband providers for net neutrality violations, consumer harm and security lapses. Background: What is net neutrality? Telecom companies have also argued that net neutrality rules could lead to regulatory creep and the regulation of broadband rates. What Critics SayRepublican lawmakers are fighting the move to restore net neutrality rules.
Persons: ” Jessica Rosenworcel, Tim Wu, Barack Obama’s F.C.C, Donald J, Trump, Rosenworcel, USTelecom, Brendan Carr, Mr, Carr Organizations: Netflix, Skype, Telecom, Democrat, Broadband, House Energy, Commerce, Verizon, and, Republican Locations: Columbia, cybersecurity
☆ Congressman Pat Ryan tells Verizon, AT&T to 'clean up their mess' following toxic lead cable report
  + stars: | 2023-07-20 | by ( Krystal Hur | ) edition.cnn.com   time to read: +3 min
One such cable hangs bordering a playground in Wappingers Falls, New York, and lead in nearby soil measured more than 1,000 parts per million, the Journal reported. AT&T shares earlier this week hit a three-decade low following a flurry of downgrades from analysts on concerns that the potential of toxic lead cables could create long-term headwinds for the companies in question. Shares of Verizon, also mentioned in the Journal’s investigation, fell to their lowest closing level since 2010 on Monday. Shares of telecom companies pared back their losses Wednesday, buoyed by a broader market rally fueled by strong second-quarter earnings reports. Raymond James analysts wrote in a note Wednesday that they estimate AT&T could spend between $264 million and $1.2 billion to remove lead-covered cables.
Persons: Pat Ryan, ” Ryan, USTelecom, Raymond James Organizations: New, New York CNN — New, New York CNN — New York Democratic, Verizon, AT, Wall Street Journal, CNN, Bell, Environmental, Agency, Wall, & $ Locations: New York, New York CNN — New York, United States, Wappingers Falls , New York
☆ AT&T, Verizon stocks pare back losses after hitting decades lows on toxic lead cable investigation
  + stars: | 2023-07-18 | by ( Krystal Hur | ) edition.cnn.com   time to read: +3 min
That prompted a flurry of downgrades from analysts that in turn helped spur a steep sell-off in telecom stocks. Since the investigation’s publication, AT&T shares have tumbled roughly 14%, Verizon fell 10% and Frontier Communications slid 33%. AT&T shares on Tuesday fell to $13.45, its lowest closing price since 1993. Verizon shares fell 7.5% to $31.46 on Monday to their lowest closing level since 2010 before paring back their losses slightly on Tuesday. Lawmakers have demanded action to further investigate the network of toxic lead cables in the wake of the release.
Persons: JPMorgan Chase, Edward Jones, David Heger, paring, Akin, ” Neil Mack, Democratic Sen, Edward Markey, Jonathan Spalter, ” Markey, USTelecom Organizations: CNN —, Verizon, AT, Bell, Frontier Communications, JPMorgan, CNN, Moody’s Investors Service, Lawmakers, Democratic Locations: United States, U.S
☆ Lead from abandoned phone cables are polluting dozens of neighborhoods, investigation finds
  + stars: | 2023-07-09 | by ( Jordan Hart | ) www.businessinsider.com   time to read: +4 min
As old cables degrade, lead can leach into the soil at high levels, the report found. A 2021 pediatric study found that half the kids in the US have high levels of lead in their blood. According to the EPA, the safety standard for lead levels in the soil where children play is 400 parts per million. The Journal's investigation found that more than 100 schools have lead cables running overhead, and more than 1,000 schools and childcare centers are within half a mile of underwater lead cables. "We have not seen, nor have regulators identified, evidence that legacy lead-sheathed telecom cables are a leading cause of lead exposure or the cause of a public health issue."
Persons: Linda Birnbaum, USTelecom Organizations: Service, Street Journal, Verizon, EPA, JAMA Pediatrics, American Medical Association, Centers for Disease Control, Wall Locations: Wall, Silicon, Passaic, New Jersey, Detroit, Michigan, Willamette, Oregon, Mississippi, Louisiana
☆ Biden nominates telecom attorney Anna Gomez to FCC after more than two years of deadlock
  + stars: | 2023-05-22 | by ( Lauren Feiner | ) www.cnbc.com   time to read: +5 min
President Joe Biden nominated telecom attorney Anna Gomez to the Federal Communications Commission, his second attempt to fill an empty seat on the typically five-member panel that has left the agency in a 2-2 deadlock for his entire presidency thus far. Gomez has previously worked for the FCC in several positions over 12 years, the White House said. Jonathan Spalter, president and CEO of USTelecom, a trade group that represents broadband providers like AT&T and Verizon , congratulated Gomez in a statement. Free Press, a nonprofit advocacy group that supports net neutrality, said Gomez's nomination was long overdue. González called Gomez "eminently qualified" for the role and praised the nomination of a Latinx candidate to the position.
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