The financial services industry has raised concerns that seem to support neutrality regulations and Verizon, for one, isn’t going to take that lying down. Reuters claims it got a hold of a memo written by Verizon’s chief congressional lobbyist Peter Davidson in which he warns financial institutions, which fear step hikes in the fees they pay to telecom service providers absent net neutrality, not to coming crying if they don’t get the kind of secure, reliable networks they need if net neutrality regulations are indeed passed.
“They are being fed a lot of cock-and-bull, Chicken Little stories about how the future of their industry is at stake because another network industry might have the freedom to price broadband services according to market demand,” Verizon’s chief congressional lobbyist Peter Davidson said in the memo. He warned that the financial services industry “better not start moaning in the future about a lack of sophisticated data links they need” if Net neutrality laws were passed because the communications industry may not invest in new networks.
Later in the memo, Davidson said
“Why in the world should broadband network providers, who have invested billions to create those networks, be denied such pricing freedom?” Davidson said.
Cynthia Brumfield at 5:54 PM|Comments(0)
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