Arlington, Va. (Feb. 26, 2015) – The Telecommunications Industry Association (TIA), the leading association representing the manufacturers and suppliers of high-tech communications networks, today said that the FCC's plan to reclassify the Internet as a Title II utility will hold back investment, innovation and growth.
Reacting to today's FCC Net Neutrality vote, TIA CEO Scott Belcher issued the following statement (in addition, a video statement by Belcher is available at this link).
“We share the goal of an open Internet, but Title II regulation is unnecessary and will harm consumers and the economy more than it will help. A light regulatory approach has resulted in nearly two decades of remarkable technology progress and increasing speeds, access and choice. In fact, private sector investment has led to a 250 percent increase in connection speeds since 2010 – jumping from 4.6 Mbps to 11.4 Mbps. Consumers and the country have realized incredible benefits from the $73 billion in annual private sector investments.