Verizon: Net neutrality worries are "cock and bull, Chicken Little"

Xeni Jardin 10:05 am Tue May 9, 2006

An internal Verizon Communications memo threatens that financial industry clients may not get the secure networks they need if network neutrality advocates have their way:

The financial services industry is weighing whether to wade into a fight over legislation on broadband service, known as "Net neutrality." It fears that without safeguards on pricing for network access, the costs to financial institutions could rise. Verizon, the No. 2 U.S. telephone company, opposes legislation for Net neutrality and sent the memo to its consultants urging them to discuss with banking industry clients the arguments against possible legislation in the U.S. House of Representatives and Senate.

"They are being fed a lot of cock-and-bull, Chicken Little stories about how the future of their industry is at stake because another network industry might have the freedom to price broadband services according to market demand," Verizon's chief congressional lobbyist Peter Davidson said in the memo.

He warned that the financial services industry "better not start moaning in the future about a lack of sophisticated data links they need" if Net neutrality laws were passed because the communications industry may not invest in new networks.

Link (Thanks Dave)

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