Netflix Inc, the video streaming service, on Monday criticized AT&T's high-speed fiber network as inadequate and slow, while renewing its call for AT&T to interconnect directly with Netflix. Netflix made the remarks in a letter to shareholders on its first-quarter results. The company has been calling for greater protections for open Internet rules, also known as net neutrality, which require Internet service providers to give consumers equal access to all lawful content without restrictions or tiered charges.Netflix, in a letter signed by its chief executive, Reed Hastings, and chief financial officer, David Wells, said AT&T's fiber-based U-verse service has "lower performance than many DSL" Internet service providers.The letter came hours after AT&T said it expects to expand its fiber network and TV services to up to 21 U.S. cities.AT&T did not immediately respond to requests for comment.
Netflix, Inc. is an Internet television network with more than 33 million members in over 40 countries. Shares of NFLX traded higher by 0.8% or $2.75/share to $348.49. In the past year, the shares have traded as low as $161.80 and as high as $458.00. On average, 3166850 shares of NFLX exchange hands on a given day and today's volume is recorded at 6769015.
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