Net Neutrality Hits Bump

Includes: T, VZ
by: David Jackson

Excerpt from today's One Page Annotated Wall Street Journal Summary (which you can get emailed to you every morning by signing up here):

'Net Neutrality' Snags Overhaul of Telecom Laws

  • Summary: A Senate committee yesterday failed to agree on a "net neutrality" amendment to the telecom bill which would allow telecom and cable companies to bypass local authorities in offering paid subscrption TV services. The amendment would have guaranteed equal treatment for all internet traffic, regardless of its source. Supporters of the amendment say they will filibuster the telecom bill; the key losers may therefore be the telecom companies which are relying on the new bill to pass to roll out national TV services.
  • Comment on related stocks/ETFs: Negative for Verizon (NYSE:VZ) and AT&T (NYSE:T).