AT&T, Verizon stand against FCC's ‘Third Way,' Sprint on the fence
With Congress’ dance card already overflowing with major social and policy reforms, including in the financial sector, the likelihood that it could pass a major reform to the Telecommunications Act for Internet regulation during the Obama Administration (however long it lasts) is quite low. Faced with a pair of no-win scenarios, the FCC last week opted to propose a “Third Way” for broadband regulation that could at least get its foot back in the door — a way that literally asks judges and attorneys-general to substitute “telephone” for “broadband” in various clauses of existing law, except for those sections where doing so wouldn’t make any sense. ...