Chambers Slams Obama’s Internet Plan

If internet companies can’t make money on high speed internet, they aren’t going to invest billions to build faster networks, Cisco CEO John Chambers warned when talking to Wall Street analysts on Wednesday.


He was telling analysts that President Obama’s plan for the internet would be bad news.


To recap: Obama wants to categorize the infrastructure that deliver internet services as a “Title II” utility, similar to how telephone utilities operate.


This would forbid internet companies from allowing some content (like their own) to travel faster over their wires, while slowing down other content (like their competitors’). That’s a concept known as “net neutrality.”


Read More: Chambers Slams Obama’s Internet Plan – Business Insider