Comcast doesn't see a Net neutrality issue
Cable provider won't prioritize Internet traffic, but doesn't think legislation is called for either.
By Grace Wong, CNNMoney.com staff writer

NEW YORK (CNNMoney.com) -- Comcast doesn't have any plans to limit or prioritize Internet traffic on its network and doesn't see the need for government involvement in the "Net neutrality" issue, chief operating officer Stephen Burke said Wednesday.

The single stupidest thing Comcast could do to its customers is limit their ability to go where they want on the Internet, he said.

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The comments from the nation's leading cable provider come amid a growing debate over Net neutrality, or whether broadband operators should be allowed to restrict traffic from certain Web sites based on the amount of bandwidth they use.

While Net neutrality has been a high-profile issue in Congress and within the telecoms industry, it isn't on the radar of most consumers, Burke said. And it doesn't make much sense to call for legislation when a problem doesn't exist, he added.

He made the remarks during the Goldman Sachs Communacopia XV Conference in New York.

Telecommunications firms like AT&T (Charts) argue that since they've spent so much building up their broadband networks, they should be able to charge online companies higher fees to deliver their bandwidth-intense traffic.

In response, Internet content providers like Google (Charts) and Yahoo (Charts) have been pushing for Net neutrality legislation which would prohibit phone and cable companies from charging them higher fees.

So far, Net neutrality legislation hasn't made much headway - an effort to add a Net neutrality amendment to a telecom reform bill was defeated in the Senate this summer - but the fight is likely to continue.

Shares of Comcast (Charts) have climbed about 13 percent in the last year as the firm has benefited from "triple play" packages that offer users cable, high-speed Internet and digital phone services.


Net neutrality needs a new player

Wall St. connects with telcos and cable Top of page

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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.