Tag Archives: internet

Verizon Has Approached AOL for Possible Takeover or Joint Venture | Bloomberg

Verizon Communications Inc. has approached AOL Inc. (AOL) about a potential acquisition or joint venture with the Internet company to expand its mobile-video offerings, people with knowledge of the matter said.

The wireless carrier hasn’t made a formal proposal to AOL, and no agreement is imminent, said the people, who asked not to be named because the discussions are private. Speaking at a conference today, Verizon Chief Executive Lowell McAdam said the company isn’t having “significant acquisition discussions” and is more interested in partnerships with media companies and content providers, rather than buying them.

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Internet Should Be Open, No Fast or Slow Lanes, Obama Says | Bloomberg

President Barack Obama called for the “strongest possible rules” to protect the open Internet, advocating stricter controls than a regulator he appointed and causing shares of Comcast Corp. CMCSA and other broadband providers to drop.

“I am asking for an explicit ban on paid prioritization,” Obama said today in a statement, referring to so-called fast lanes for preferred Web traffic. His comments tilt the White House against positions advocated by broadband providers and Federal Communications Commission Chairman Tom Wheeler.

Companies led by Comcast, Verizon Communications Inc. VZ and AT&T Inc. T argue that only light regulation is needed to ensure providers don’t block or slow Web traffic, and they say strict rules would squelch investment. Public policy groups want tough regulations that guarantee all websites are treated equally and can be accessed by people increasingly reliant on the Internet.

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Weekly Economic Update | LAEDC

This Week’s Headlines:

The Internet Has Grown Too Big for Its Aging Infrastructure | WIRED

Yesterday, the 20,000 customers who use a Lansing Michigan web hosting company called Liquid Web had some big internet problems. The reason: the internet grew too big for the memory chips in the company’s Cisco routers.

Think of it as the internet’s latest growing pain. It’s a problem that networking geeks have seen coming for awhile now, but yesterday it finally struck. And it’s likely to cause more problems in the next few weeks. The bug doesn’t seem to have affected core internet providers—companies like AT&T and Verizon, which haul vast quantities of data over the internet’s backbone, “but certainly there are a number of people that were caught by this,” says Craig Labovitz, founder of network analysis company Deepfield Networks.

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Weekly Business Update | LAEDC



The Costs of Internet ‘Fast Lanes’ | Businessweek

Expect to hear a lot of I-told-you-sos from those who worried about having a former cable lobbyist chair the Federal Communications Commission. The FCC is set to introduce a new set of rules governing how Internet service providers (ISPs) can treat different services in different ways, and it looks like they will hew closely to the cable industry’s line.

Late Wednesday the Wall Street Journal reported that the FCC would release new rules developed by its chairman, Tom Wheeler. This was bound to happen after a federal court struck down the FCC’s Open Internet Order in January. Wheeler’s approach to the issue of net neutrality has been the subject of much hand-wringing, with his public statements always leaving some question about his position on the issue. The new rules will likely embrace the idea that Internet service providers can create so-called fast lanes, where they charge companies to send content to customers faster. If that principle becomes law, here are a few things to expect:

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Weekly Economic Update | LADEC