Comcast chief warns on new Internet rules

The Federal Communications Commissions proposed new regulatory regime for the Internet has "unnecessary risks" for Internet providers, according to Comcast's chief executive Brian Roberts. Roberts said Comcast was “absolutely for a free and open Internet” and agreed with President Barack Obama and FCC Chairman Tom Wheeler on many points. “But this agreement boils down to what legal authority the FCC should use to put in place these rules,” he said, pointing to the risks associated with “1930s-style regulation of something as dynamic as the Internet”. “We hope that when all is said and done there continues to be incentives to make new investments,” he added.