Nrbelex writes "Google and Verizon are nearing an agreement that could allow Verizon to speed some online content to Internet users more quickly if the content's creators are willing to pay for the privilege. Any agreement between Verizon and Google could also upend the efforts of the Federal Communications Commission to assert its authority over broadband service, which was severely restricted by a federal appeals court decision in April. People close to the negotiations who were not authorized to speak publicly about them said an agreement could be reached as soon as next week. If completed, Google, whose Android operating system powers many Verizon wireless phones, would agree not to challenge Verizon's ability to manage its broadband Internet network as it pleased." Update: 08/05 20:03 GMT by T : nr3a1 writes with this informative update excerpted from Engadget: "Google's Public Policy Twitter account just belted out a denial of these claims, straight-up saying that the New York Times 'is wrong.' Here's the full tweet, which certainly makes us feel a bit more at ease. For now. '@NYTimes is wrong. We've not had any convos with VZN about paying for carriage of our traffic. We remain committed to an open internet.' Verizon's now also issued a statement and, like Google, it's denying the claims in the original New York Times report."