Internet service providers have warned that harsh regulation on net neutrality could affect Internet infrastructure investment. AT&T is now making that a reality.
AT&T CEO Randall Stephenson said on Wednesday that the company is putting a hold on the buildout of its fiber network until the Federal Communications Commission comes to a decision on net neutrality regulations.
The announcement comes just a day after President Obama came out firmly in favor of reclassification, a move that would give the FCC greater regulatory power over Internet service providers (ISPs) like AT&T. ISPs have rallied hard against this plan.
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