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Verizon: Reclassifying broadband under Title II will endanger the entire Internet ecosystem

Verizon (NYSE: VZ) has taken the latest stab at the FCC’s Open Internet rulemaking proceeding by calling the regulator out on its option to “reclassify” broadband Internet access service as a Title II common carriage telecommunications service.

In its filing, the service provider said that Title II was developed at a time when traditional POTS voice service was the only telecom service consumers and businesses could get.

“The arcane regulatory framework embodied in Title II was crafted for 19th Century railroad monopolies and the early 20th century one-wire telephone world,” wrote Verizon in a blog post. “The price and service regulation inherent in Title II have no place in today’s fast-paced and competitive Internet marketplace, and the threats posed by this approach would not likely be confined to broadband providers, but would spread inevitably to other Internet sectors. Moreover, such an approach would be unlawful and, at a minimum, would result in years of counterproductive uncertainty for the entire industry.”

via http://www.fiercetelecom.com/.

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