AT&T May Cut U-Verse Spending

If the FCC tightens regulation of internet companies, AT&T's CEO says the company may stop expanding the U-Verse service.

So, the whole net neutrality thing is happening. The FCC is going to be rolling out new regulations on internet providers that would prevent unfair practices in regards to charges, services, and practices. It's a pretty contentious issue, especially if you're the CEO of an internet provider.

"If this Title 2 regulation looks imminent, we have to re-evaluate whether we put shovels in the ground," says AT&T's Randall Stephenson. That's a bit of a threat from AT&T, saying that they'll stop expanding if the regulations hit.

That would mean that U-Verse internet would stop where it is now, and there would be no additional coverage. But it would mean that U-Verse TV and phone services stop expanding too, which could be detrimental for anyone living in a town with a single television provider.

Source: The Wall Street Journal