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AT&T nixes fiber plans amid net neutrality firestorm

AT&T nixes fiber plans amid net neutrality firestorm
Rob Wilson / Shutterstock.com

Are you tired of your lackluster Internet connection? The good news is high-speed fiber Internet connections are the wave of future. But, you may have to wait longer than expected to get them. That's because AT&T has decided to put its fiber plans on pause while it waits for the FCC to clear up the net neutrality mess.

Recently, President Barack Obama made a YouTube video in favor of net neutrality. He's been a long-time supporter of the concept and thinks it will keep service providers like Verizon, Comcast and others from selling fast lanes to companies that can afford it. It could also keep Internet costs low for most Americans. Meanwhile, many Internet providers fear more regulation would hurt competition and the viability of their businesses.

For his part, FCC Chairman Tom Wheeler says he won't bend to pressure from the president because the FCC is an independent agency, after all. So, we're stuck in limbo until the FCC comes out with its final decision.

AT&T doesn't like that uncertainty. So it doesn't want to take on the expense and risk of installing high-speed fiber in cities across America without knowing what the future of industry looks like.

Next page: Will AT&T's fiber project ever get back on track?
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