A group of 20 investment advisors, investment management firms and foundations with broadly diversified stock portfolios today called upon the FCC to maintain current rules that support the principle of network neutrality on the Internet. The investors, representing approximately $190 billion in assets and Assets Under Management (AUM), argued in a filing with the FCC that a rulemaking proposed in April 2017 - which would gut net neutrality protections - is “fundamentally flawed.”
A group of investment firms and foundations with widely-diversified investment portfolios today called upon the Federal Communications Commission (FCC) to adopt network neutrality rules that would protect an open Internet. They recommended reclassification of broadband Internet service under Title II of the Communications Act, giving the FCC clear regulatory authority over the Internet network infrastructure that serves millions of individuals, entrepreneurs and established businesses throughout the U.S.
A shareholder proposal calling on Verizon Communications Inc. (NYSE:VZ) to report on business risks arising from the company’s opposition to open Internet and network neutrality principles has gained important new support from investors, winning 26.4% of the vote at Verizon’s annual meeting on May 1.
A shareholder proposal calling upon AT&T Inc. (NYSE – T) to publicly commit to network neutrality principles on its wireless networks attracted important support in initial voting results released today at the company’s annual meeting in Salt Lake City.