About one-quarter of all Verizon Communications Inc. (NYSE:VZ) shareholder votes were cast in favor of a proposal that asks the company to report on business risks from Verizon’s controversial FCC lawsuit and other actions to oppose open Internet and network neutrality principles.
In the News...
"The emerging dispute between Netflix and Comcast underscores the core weakness of the Internet economy. To reach the multitude of online services competing for your attention, you must first get through a bottleneck that is not competitive at all: high-speed broadband access."
The New York Times
Telecom watchdog groups said federal regulators should scrutinize any such plan. It could give the carriers too much power to pick winners and losers in the apps world, particularly if the terms are more favorable to a select few, they said.
Financial Times
"The choice is simple for the FCC and the U.S. Department of Justice: Stop this merger now. If it is allowed to happen it will be extremely difficult, if not impossible, to recreate a competitive wireless market."
Seattle Times
AT&T is lining up support for its acquisition of T-Mobile from a slew of liberal groups with no obvious interest in telecom deals — except that they’ve received big piles of AT&T’s cash.
Politico.com
AT&T is lining up support for its acquisition of T-Mobile from a slew of liberal groups with no obvious interest in telecom deals — except that they’ve received big piles of AT&T’s cash. Read more: http://www.politico.com/news/stories/0611/56660.html#ixzz1OzfkZFlI
Politico.com
"Opposition is steadily growing to AT&T Inc.'s proposed $39 billion takeover of T-Mobile USA, as competitors, state regulators and elected officials have come out in recent days expressing concerns about the acquisition from Deutsche Telekom AG. "
The Wall Street Journal
"This merger will also be good for workers. Past experience with major wireless mergers indicates that employee retention issues can be managed through careful planning and the return of outsourced work to the United States."
Broadband Breakfast
“As so many Americans are struggling financially, particularly Latinos, over 25% of whom are in poverty, NHMC will ask the FCC to ensure that its decision protects the most vulnerable consumers so that they are not disproportionately harmed by higher prices,” said Jessica J. González, NHMC’s Vice President of Policy & Legal Affairs. “The evidence, unfortunately, points to the sad reality that this acquisition will lead to higher mobile phone prices, fewer consumer choices, poor customer service, and layoffs.”
National Hispanic Media Coalition
The California Public Utilities Commission voted 5-to-0 to prepare a potential review of the deal that would commence following another vote set for June 9.
Bloomberg
Opponents itching to upend the FCC’s controversial net neutrality rules can forget about doing so anytime soon. The commission adopted the controversial net neutrality order five months ago — and it may be another five months before the rules are published in the Federal Register. The delay, say FCC officials, has to do with the sheer complexity of implementing the order.
Politico.com
The Open MIC Blog
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Verizon Shareholder Proposal on Open Internet Issues Receives Support from Leading Proxy Advisor ISS
A shareholder proposal asking Verizon Communications Inc. (NYSE: VZ) to issue a report about the risks confronting the company because of its positions on net neutrality and open Internet issues has received support from ISS Proxy Advisory Services, the leading advisor to institutional investors.
The shareholder proposal can be voted on by Verizon shareholders either by proxy over the next two weeks, or in person at the company's annual meeting on May 2.
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In response to a shareholder proposal, Apple Inc. has amended its Board’s Audit and Finance Committee charter to include responsibility for privacy and data security risks that confront the company.
The change was praised by advocates as an important step in improving accountability for privacy and data security at the highest levels of corporate governance. “Apple is to be congratulated for recognizing the critical risks that privacy and data security can pose to a company’s financial performance,” said Michael Connor, Executive Director of Open MIC a non-profit organization that assisted investors in drafting the proposal at Apple.
In the News...
"The emerging dispute between Netflix and Comcast underscores the core weakness of the Internet economy. To reach the multitude of online services competing for your attention, you must first get through a bottleneck that is not competitive at all: high-speed broadband access."
The New York Times
Telecom watchdog groups said federal regulators should scrutinize any such plan. It could give the carriers too much power to pick winners and losers in the apps world, particularly if the terms are more favorable to a select few, they said.
Financial Times
"The choice is simple for the FCC and the U.S. Department of Justice: Stop this merger now. If it is allowed to happen it will be extremely difficult, if not impossible, to recreate a competitive wireless market."
Seattle Times
AT&T is lining up support for its acquisition of T-Mobile from a slew of liberal groups with no obvious interest in telecom deals — except that they’ve received big piles of AT&T’s cash.
Politico.com
AT&T is lining up support for its acquisition of T-Mobile from a slew of liberal groups with no obvious interest in telecom deals — except that they’ve received big piles of AT&T’s cash. Read more: http://www.politico.com/news/stories/0611/56660.html#ixzz1OzfkZFlI
Politico.com
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