Sens. Franken, Wyden to SEC: Allow AT&T, Verizon, Comcast shareholders to vote on net neutrality
Submitted by michael on Thu, 2011-03-10 16:38
The senators advocate for a shareholder opportunity to "tell corporate boards that net neutrality is an important issue and telecommunications companies should ensure equal, nondiscriminatory access to all content on their networks."
Read the full story at The Hill.
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Investors in AT&T, Verizon and Sprint will finally have an opportunity to vote on shareholder proposals which call on the companies to commit to network neutrality principles that would maintain open access to the Internet on wireless networks. The proposals, which will be considered at the companies’ upcoming annual meetings, will proceed as the result of a Securities and Exchange Commission staff ruling which denied “no-action” requests by AT&T, Verizon and Sprint.
Shareholders of AT&T Inc. have filed a proposal calling for the company “to publicly commit to operate its wireless broadband network consistent with network neutrality principles” that would maintain open access to the Internet on wireless networks.
The filing comes only weeks before implementation of new Federal Communications Commission rules on network neutrality that provide a broad exemption for wireless broadband networks – the fastest growing segment of the Internet.
Here's the complete text of a proposal introduced by AT&T shareholders for consideration at the company's annual meeting in April 2012.