The U.S. Federal Communications Commission on Friday asked AT&T Inc to provide specifics of its plan to stop investing in high-speed Internet connections in 100 cities until the agency sorts out new "net neutrality" rules.Earlier this week, President Barack Obama called for stricter rules governing the way Internet service providers manage their traffic. AT&T responded by saying it would stop investing in high-speed Internet connections in 100 cities until the Web rules were settled.In the letter, Jamilla Ferris, head of the FCC's review team, asked the No. 2 wireless carrier to detail its plans to limit fiber deployment and to turn over all documents on the decision by Nov. 21.The FCC is reviewing AT&T's proposed $48.5 billion bid to purchase satellite operator DirecTV. As part of the merger proposal, AT&T agreed to provide high-speed fiber Internet to 2 million homes if the deal is approved.
AT&T Inc. (AT&T), is a holding company. The Company is a provider of telecommunications services. Shares of T traded higher by 0.73% or $0.261/share to $35.87. In the past year, the shares have traded as low as $31.74 and as high as $37.48. On average, 20063400 shares of T exchange hands on a given day and today's volume is recorded at 15126385.
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