Investors in Verizon Communications Inc. (NYSE:VZ) today welcomed the Federal Communications Commission’s adoption of new network neutrality rules and urged Verizon to do the same by publicly committing not to initiate or support litigation that would undercut the rules.
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The Open MIC Blog
Shareholders of Verizon Communications Inc. (NYSE: VZ) welcomed the announcement by Federal Communications Commission (FCC) Chairman Tom Wheelerthat he intends to propose strong new network neutrality rules and regulate Internet providers with Title II of the Communications Act, the most powerful law available to the FCC.
The investors also urged Verizon to carefully weigh the risks presented by the company’s continuing opposition to the FCC’s network neutrality principles. A shareholder proposal asking Verizon’s board to report on those risks is scheduled to be voted on at the company’s annual meeting in May.
Investors in Verizon Communications Inc. (NYSE:VZ) are once again pressing the company’s board of directors to report on the business risks arising from the company’s opposition to open Internet and network neutrality principles. A shareholder proposal which last year won 26.4% of the shareholder vote – representing $30.6 billion of Verizon shares – has been resubmitted for consideration at Verizon’s 2015 annual meeting.