The Republican head of the Federal Communications Commission on Thursday proposed easing regulatory requirements in the $45 billion business data services market, a win for companies like AT&T Inc., CenturyLink Inc., Verizon Communications Inc. and others.
The proposal is a blow to companies like Sprint Corp. and others that claim prices for business data are too high and backed a plan under President Barack Obama that would have cut prices but was never approved.
Small businesses, schools, libraries and others rely on business data services, or special-access lines, to transmit large amounts of data quickly, for instance connecting banks to ATM machines or gasoline pump credit card readers. Wireless carriers rely on them for the backhaul of mobile traffic. Reuters reported details of the proposal Wednesday.
FCC chairman Ajit Pai said in a blog post the commission will vote April 20 to reform the rule that telecommunications experts say would