FCC releases net neutrality order, lawsuits expected

The FCC has delivered its long-awaited net neutrality order that reclassifies ISPs under Title II of the Communications Act. The FCC posted the 400-page order to its website two weeks after it was approved in a 3-2 vote by the Democratic-controlled commission. The new rules are expected to be challenged by many companies, including AT&T (NYSE: T) and Verizon (NYSE: VZ). The new rules will prohibit cable companies such as Comcast (NASDAQ: CMCSA), Time Warner Cable (NYSE: TWC) and Cox Communications, which provide broadband services, from slowing down traffic from providers like Netflix (NASDAQ: NFLX). They'll also be stopped from establishing individual "fast lane" deals with these companies to speed up their traffic. FCC's Order. Article.

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