AT&T to Delay Internet Buildout Until FCC Rules Clear
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President Barack Obama’s call for tighter Web regulation may push companies to follow AT&T Inc.’s lead in delaying investment in broadband as they prepare for prolonged uncertainty over U.S. government policies.
AT&T Chief Executive Officer Randall Stephenson told investors yesterday that the company will “pause” its buildout of fiber networks to carry high-speed Internet service in as many as 100 cities. AT&T had plans to spend $18 billion expanding that infrastructure next year, he said.