Internet service providers have consistently told the government that utility regulation of broadband would harm infrastructure investment. AT&T has (not very convincingly) claimed that it can’t consider any new fiber upgrades while the Federal Communications Commission debates whether to impose utility rules on broadband under Title II of the Communications Act.
But Verizon struck a blow to that narrative yesterday when Chief Financial Officer Francis Shammo said utility rules will not influence how Verizon invests in its networks.
Speaking at a UBS investor conference (see transcript at Seeking Alpha), Shammo was asked, “Obviously there’s a lot of commentary coming out of Washington about this move to Title II… What’s your view of that potential occurrence down in Washington and does it affect your view on the attractiveness of investing further in the United States?”
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