Even as Congress pursues a legislative route to cripple the FCC's lightly regulated net neutrality action, Verizon (NYSE: VZ) is taking a legal route.
Verizon said upon further review it now believes that the agency overstepped its bounds in creating a report and order that, FCC Chairman Julius Genachowski has claimed puts a feather-light hand of regulation on the Internet. Verizon thinks that's too much and has therefore filed an appeal in U.S. District Court.
"We are deeply concerned by the FCC's assertion of broad authority for sweeping new regulation of broadband networks and the Internet itself" which "goes well beyond any authority provided by Congress and creates uncertainty for the communications industry, innovators, investors and consumers," Verizon SVP and deputy counsel Michael Glover is quoted in a news release.
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