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AT&T Must Give Shareholder a Vote on Net Neutrality, SEC Decides

suraj.sun (1348507) writes | more than 2 years ago

The Internet 0

suraj.sun (1348507) writes "The U.S. Securities and Exchange Commission has told AT&T and other telecommunications companies they must include a resolution supporting wireless net-neutrality in annual shareholder votes.

In a letter posted on the SEC website, the agency asserted that net neutrality — the idea that Internet service providers must treat traffic equally — has become a "significant policy consideration and can no longer be excluded from shareholder ballots. AT&T, Verizon and Sprint Nextel must now grant shareholder requests for votes this year on resolutions that would support net neutrality.

"In view of the sustained public debate over the last several years concerning net neutrality and the Internet and the increasing recognition that the issue raises significant policy considerations, we do not believe that AT&T may omit the proposal from its proxy materials," the SEC said in the Feb. 10 letter.

Bloomberg BusinessWeek: http://www.businessweek.com/news/2012-02-15/at-t-must-give-beastie-boy-a-vote-on-net-neutrality-sec-decides.html"

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