SEC Rules Telcos Must Allow Investors to Vote on Net Neutrality
The U.S. Securities and Exchange Commission today decided that telecommunications companies such as AT&T, Sprint, and Verizon Wireless must allow shareholders to vote in net neutrality policies. The decision was made in part thanks to the efforts of AT&T investors, who have been trying to add net neutrality policies to AT&T's shareholder ballot for years. "In view of the sustained public debate over the last several years concerning net neutrality and the Internet and the increasing recognition that the issue raises significant policy considerations, we do not believe that AT&T may omit the proposal from its proxy materials," said the SEC. The companies must "publicly commit to operate [their] wireless broadband networks consistent with network neutrality principles," and not discriminate on traffic based on source, content, or destination. AT&T argued that such proposals would interfere with their ability to manage their networks.
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