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posted by takyon on Friday January 25 2019, @07:50PM   Printer-friendly
from the net-reality dept.

Submitted via IRC for SoyCow1984

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.


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  • (Score: 0) by Anonymous Coward on Saturday January 26 2019, @04:24PM (1 child)

    by Anonymous Coward on Saturday January 26 2019, @04:24PM (#792343)

    dude are you sober?

    there are a few of you, this is the cool one. if you aren't sober, at least share the name of what you had so that we can try some.

  • (Score: 1) by Ethanol-fueled on Saturday January 26 2019, @05:18PM

    by Ethanol-fueled (2792) on Saturday January 26 2019, @05:18PM (#792359) Homepage

    Sure. It's called "Not having to deal with Mexicans for a few weeks." You should try some, really lifts the spirits.