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US defends moves to roll back 'net neutrality' rules by Staff Writers Barcelona (AFP) Feb 26, 2018 The head of the US Federal Communications Commission defended Monday his move to roll back rules requiring internet providers to treat all traffic equally, saying it was needed to encourage investment in new super-fast wireless networks. The commission in December adopted the proposal by Republican appointed chairman Ajit Pai to end the so-called "net neutrality" rules adopted in 2015. Activists have staged protests around the US and online, saying dominant broadband providers could favour their own services and hinder those of rivals and charge more for certain kinds of access. Critics of the "net neutrality" rule however argue it was based on utility-style regulation designed for 1930s telephone companies. Pai said the move was needed to give the private sector "greater incentives to invest" in the new generation of super-fast 5G wireless networks and ensure the United States keeps its technological edge over other nations. "To lead the world in 5G, the United States needs modern light touch market based regulation not a one size fits all utility model that was developed in the 1930s," he told the Mobile World Congress in Barcelona. The first deployment of 5G wireless networks, which are quick enough to download a full length film in less than a second, are expected in key markets like the United States, Japan and South Korea at the end of the year. 5G is seen as key to develop newer "next generation" services such as telemedicine or autonomous driving. Several lawsuits are expected to try to block the change. Last month technology companies including Alphabet Inc and Facebook Inc threw their weight behind efforts to reverse the Trump administration's plan to repeal the Obama-era rule designed to protect an open internet. ds/emi/ach
Dropbox files for public stock offering of $500 mln San Francisco (AFP) Feb 24, 2018 Dropbox filed Friday for an initial public offering, seeking to raise an estimated $500 million for the Silicon Valley cloud computing storage startup. The San Francisco company claimed 500 million users in 180 countries and $1 billion in annual revenues in documents filed with the Securities and Exchange Commission. Dropbox said its shares will trade on the Nasdaq under the symbol "DBX." Its valuation based on recent funding in the group stands at around $10 billion, making Dropbox one of t ... read more
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