Comcast, Cable Stocks Rise as FCC Won’t Try to Control Rates
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Comcast Corp. and Time Warner Cable Inc. spiked after U.S. Federal Communications Commission Chairman Tom Wheeler said that he won’t try to control pricing as part of proposed regulations of Internet service providers.
Wheeler, in an article published Wednesday on Wired.com, said he will propose utility-style rules to make sure providers don’t interfere with subscribers’ Web traffic. He said the “modernized” rules will be tailored for the 21st century and will still encourage broadband operators to invest in their networks.