financetom
Technology
financetom
/
Technology
/
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
AT&T wants Big Tech companies to pay into telecom, broadband subsidy fund
Jun 24, 2024 11:49 AM

WASHINGTON (Reuters) - AT&T ( T ) CEO John Stankey said on Monday that Congress should give the Federal Communications Commission the power to require Big Tech firms to contribute to a government fund that subsidizes access to telecom and broadband services.

Under current law, fees are assessed on wireless and landline telephone service subscribers to support the Universal Service Fund.

"The seven largest and most profitable companies in the world built their franchises on the internet and the infrastructure we provide," Stankey said in remarks at a telecom industry forum in Utah.

"Why shouldn't they participate in ensuring affordable and equitable access to the services of today that are just as indispensable as the phone lines of yesteryear."

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Biden bans US sales of Kaspersky software over Russia ties
Biden bans US sales of Kaspersky software over Russia ties
Jun 20, 2024
WASHINGTON, June 20 (Reuters) - The Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia's Kaspersky Lab in the United States, citing the firm's large U.S. customers, including critical infrastructure providers and state and local governments. Moscow's influence over the company was found to pose a significant risk, Commerce Secretary Gina Raimondo said...
Corn price breaks the support – Forecast today - 21-06-2024
Corn price breaks the support – Forecast today - 21-06-2024
Jun 20, 2024
Corn Price Analysis Expected Scenario The Corn price broke the 449.20$ level clearly and ended yesterday below it, activating the negative scenario on the intraday basis and heading towards achieving negative targets starting at 433.50$. Therefore, the bearish bias will be suggested for today, supported by the negative pressure formed by the EMA50. Note that breaching 449.20$ will stop the...
CDK cyber outage hits US auto dealers second day in a row
CDK cyber outage hits US auto dealers second day in a row
Jun 20, 2024
June 20 (Reuters) - A cyber outage at retail technology and software provider CDK entered its second consecutive day on Thursday, impacting automobile dealers across the United States, the affected companies said. The CDK outage is impacting automotive dealerships across the U.S. and Canada, including a portion of BMW Group dealers, a spokesperson for BMW North America told Reuters. CDK...
Navigating 9 Analyst Ratings For Taiwan Semiconductor
Navigating 9 Analyst Ratings For Taiwan Semiconductor
Jun 20, 2024
In the last three months, 9 analysts have published ratings on Taiwan Semiconductor , offering a diverse range of perspectives from bullish to bearish. In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months. Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish Total...
Copyright 2023-2025 - www.financetom.com All Rights Reserved