AT&T Inc sought to clarify to U.S. regulators its plans to pause investments in high-speed Internet connections until "net neutrality" rules are settled, saying in a letter on Wednesday that the plans related to new and not existing commitments. The Federal Communications Commission earlier this month pressed the company to explain its plans to stop investing in high-speed Internet connections in 100 cities until the agency sorts out new "net neutrality" rules for how Internet service providers manage web traffic on their networks.AT&T's announcement of a planned pause in fiber investments came in response to President Barack Obama's call for stricter rules through regulations that would treat Internet providers more like public utilities.The FCC pressed AT&T to specify how its response would play into the company's planned $48.5 billion merger with satellite operator DirecTV, which regulators are reviewing. As part of the merger proposal, AT&T agreed to provide high-speed fiber Internet to 2 million homes.In the letter dated Nov. 25 and released on Wednesday, AT&T said it did not plan to limit those investments or other existing commitments but would pause on further expansions because of the uncertainty about new rules.
DIRECTV is a provider of digital television entertainment in the United States and Latin America. Shares of DTV traded higher by 0.09% or $0.08/share to $87.18. In the past year, the shares have traded as low as $64.62 and as high as $89.46. On average, 2764920 shares of DTV exchange hands on a given day and today's volume is recorded at 497466.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.66% or $0.23/share to $35.05. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 20615700 shares of T exchange hands on a given day and today's volume is recorded at 6001244.
Source
