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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
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How major US stock indexes fared Thursday, 4/18/2024
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S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
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How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?
S&P 500   5,011.12
DOW   37,775.38
QQQ   423.41
What's Driving Tesla Lower Ahead of its Earnings?
How major US stock indexes fared Thursday, 4/18/2024
3 Steel Stocks Could Soar on New China Tariffs
CSX Co.: The Railroad Powering Ahead with an Earnings Beat
'There is no time to waste': EU leaders want to boost competitiveness to close gap with US and China
These are the Top 4 Stocks for Buybacks in 2024
Can Netflix Stock Continue Into All-Time Highs After Earnings?

Telecom groups end fight against California net neutrality

Router Internet
A home router and internet switch are displayed on June 19, 2018, in East Derry, N.H. Telecommunications industry groups on Wednesday, May 4, 2022, ended their bid to block California's net neutrality law that prevents broadband providers from throttling service. In a federal court filing in Sacramento, the groups and California Attorney General Rob Bonta jointly agreed to dismiss the case. (AP Photo/Charles Krupa, File)

SACRAMENTO, Calif. (AP) — Telecommunications industry groups on Wednesday ended their bid to block California's net neutrality law that prevents broadband providers from throttling service.

In a federal court filing in Sacramento, the groups and California Attorney General Rob Bonta jointly agreed to dismiss the case.

The move followed a January decision by the 9th U.S. Circuit Court of Appeals allowing enforcement of the 2018 law, which bans internet providers from slowing down or blocking access to websites and applications that don’t pay for premium service.

“The case is finally over," Bonta said in a statement. “With this victory, we’ve secured a free and open internet for California’s 40 million residents once and for all.”

Messages seeking comment from an attorney representing the groups weren't immediately returned.

The law was signed by former Democratic Gov. Jerry Brown after regulators during the Trump administration killed federal net neutrality rules designed to prevent AT&T, Comcast, Verizon and other major internet providers from exploiting their dominance to favor certain services or apps over others.

In response, seven states and Puerto Rico enacted their own net neutrality policies. The most expansive effort was in California, which started enforcing the law last year, with potentially significant consequences for the rest of the U.S.

In addition to barring internet providers from throttling service or charging companies like Netflix for a faster route to customers, the California law banned some forms of “zero rating” — a term for when a cable or phone company exempts a service from data caps.

Net-neutrality advocates say such programs undermine competition by potentially tilting users to the sponsored app and away from rivals.

Big telecom companies fought the measure fiercely in court. They argued that the regulations can undermine investment in broadband and introduce uncertainty about what were acceptable business practices.


The Trump administration sued to block California’s 2018 law, preventing it from taking effect for years, but the Biden administration dropped that lawsuit.

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Companies Mentioned in This Article

CompanyMarketRank™Current PricePrice ChangeDividend YieldP/E RatioConsensus RatingConsensus Price Target
Verizon Communications (VZ)
4.941 of 5 stars
$40.12+0.9%6.63%14.54Moderate Buy$44.50
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