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"The prospect for more openness is potentially a meaningful victory for the long-term. I certainly don’t think this has any near-term consequences," says Cantor Fitzgerald’s Brown.
The FCC approved strong openness rules for wired and wireless broadband connections to the internet Thursday, leaving the details of the rules open to public debate for the next 60 days. The move will gratify President Obama’s grassroots supporters and internet services like Google, but draw the wrath of large telecoms like AT&T and the wireless industry.
The FCC’s five commissioners unanimously agreed to expand and codify rules from 2005 that require cable and DSL providers to allow their customers to use whatever devices or online services they want so long as they don’t hurt the network. A similar rule applied to AT&T’s phone monopoly in the 1960s led to the fax machine, the football phone and the internet.