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It's Now Clear None of the Supposed Benefits of Killing Net Neutrality Are Real
Network investment is down, layoffs abound, and networks are falling apart. This isn't the glorious future Ajit Pai promised.
In the months leading up to the FCC assault on net neutrality, big telecom and FCC boss Ajit Pai told anybody who'd listen that killing net neutrality would boost broadband industry investment, spark job creation, and drive broadband into underserved areas at an unprecedented rate.
As it turns out, none of those promises were actually true.
Despite the FCC voting to kill the popular consumer protections late last year, Comcast's latest earnings report indicates that the cable giant's capital expenditures (CAPEX) for 2018 actually decreased 3 percent. The revelation comes on the heels by similar statements by Verizon and Charter Spectrum that they'd also be seeing lower network investment numbers in 2018.
It's not expected to get any better in 2019. According to analysis this week by Wall Street research firm MoffettNathanson, capital spending among the nation's four biggest cable providers (Altice, Comcast, Charter Spectrum, CableONE) is expected to decline upwards of 5.8 percent this year.
(Score: 2) by realDonaldTrump on Saturday January 26 2019, @07:20AM
Obama's people wanted to pick winners & loosers. By turning our incredible internet Companies into common carriers. We were going to lose Comcast. Lose AT&T. And possibly lose Verizon. I said, "oh, hell no!" I brought in Ajit -- very smart guy. And we had some great bipartisan support in Congress. We love bipartisan. From our very loyal Republicans. And some Dems with a lot of heart. Who knew, this would be a disaster for our Country. Who knew we can't let this happen. We fought very hard. And we won. So proud of that one. Big win for America and for the American people!