FCC Chairman Tom Wheeler: Verizon Recognizes Title II No Big Bugaboo

Federal Communications Commission Chairman Tom Wheeler said he agrees with Verizon's CFO Fran Shammo that reclassification of Internet access under Title II would affect not the company's investment in its network. Chairman Wheeler seemed to suggest that Title II was a workable approach both from an industry and a Wall Street perspective.

He also said that the Communications Act "specifically says that wireless will be treated as a common carrier, but that the commission shall forbear from the vast majority of common carriage sections of Title II, except for 201, 202 and 208. So for 20 years all the wireless carriers have been living under Title II with appropriate forbearance, and have been able to raise and invest hundreds of billions of dollars and build a global network that is the envy of the world."