AT&T CEO appears assured business can kill Biden’s municipal broadband plan

AT&T's logo pictured on a wall at its headquarters.

Enlarge / AT&T’s brand at its company headquarters in Dallas, Texas. (credit score: Getty Pictures | Ronald Martinez )

AT&T CEO John Stankey yesterday referred to as President Biden’s plan to fund municipal broadband networks “misguided” and stated the US should not pay for any broadband deployment in areas that have already got networks. However as AT&T and different ISPs foyer towards public networks and government-funded competitors, Stankey stated he’s assured that Congress will steer laws within the extra “pragmatic” path that AT&T favors.

In an interview with The Financial Membership of Washington, DC, (video), Stankey was requested, “Do you assist the president’s proposal to have municipalities personal broadband services?” Stankey responded, “I feel really the president’s proposal might be a bit misguided in that regard.”

“It could be a disgrace that we take taxpayer cash or ask native governments to enter a enterprise that they do not run in the present day,” Stankey stated. “You realize, their job is to ship water, patch streets, issues like that, not be in a capital-intensive know-how enterprise that requires fixed refresh and fixed administration.”

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