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NEWS BRIEFS | View All | RSS | Updated: Wed, May 17, 2006 05:07 pm PDT

Verizon Warns Financial Sector of Network Neutrality

May 08, 2006 | Inside: Regulation & Policies

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Verizon Communications warned the financial services industry may not get the secure networks it needs… “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.

Read Full Story —Reuters |

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