Last year, when the FCC was preparing to vote on the new Open Internet Order (aka “net neutrality”) and its reclassification of broadband Internet as a vital utility, virtually the entire telecom and cable industry claimed this change would ruin investment and slow innovation. But a look at the year-end financial figures for the biggest naysayers casts a lot of doubt on these dire predictions. One Issue, Two Stories The TL;DR Version • Before last year’s FCC vote to restore net neutrality and reclassify broadband as Title II utility, all the major cable Internet companies repeatedly claimed it would harm investment industry-wide. • But recently released financials show that, with two full financial quarters under the new classification, broadband providers continued to invest. • These providers are also assuring investors that they will continue to invest going forward. • Likewise, both the suppliers who sell hardware to cable companies and the industry’s biggest lobbying group are painting a rosy vision of continued, steady investment. From changes in market share, competition levels, innovation, to buzzworthy marketing, brand awareness, and public image, there are many ways to measure the success of a business.
Comment on Did Net Neutrality Kill Broadband Investment Like Comcast, AT&T, Verizon Said It Would?
Kate Cox, The Consumerist
Tue, 02/09/2016 - 9:30am
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