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It's Now Clear None of the Supposed Benefits of Killing Net Neutrality Are Real

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

MrPlow writes:

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: 5, Insightful) by Captival on Saturday January 26 2019, @01:04AM (1 child)

    by Captival (6866) on Saturday January 26 2019, @01:04AM (#792132)

    Likewise, none of the supposed downsides to eliminating Net Neutrality have happened either. No mass outages, no ISPs holding sites for ransom. And meanwhile, Facebook/Twitter/Google are more than happy to censor content they don't like whether NN is in place or not. Doesn't even apply to them.

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  • (Score: 3, Insightful) by c0lo on Saturday January 26 2019, @08:24AM

    by c0lo (156) Subscriber Badge on Saturday January 26 2019, @08:24AM (#792252) Journal

    Likewise, none of the supposed downsides to eliminating Net Neutrality have happened either. No mass outages yet

    FTFY.
    Things take a bit of time to break down, but break down they will.

    no ISPs holding sites for ransom

    A wonderful year for Netflix movie catalogue, I hear.
    Wait a very few more years and you'll have to pay 3-4 subscriptions for the privilege of watching any movie from the past.
    But yeah, no sites will be held hostage, only the paying customers.

    --
    https://www.youtube.com/@ProfSteveKeen https://soylentnews.org/~MichaelDavidCrawford