What Did AT&T Inc. (T) CFO Say About The Current FCC Regulations And Net Neutrality?

After President Obama’s statement about getting a different set of rules to get a better net neutrality and transparency, many ISP’s and communication companies jumped in with their opinions. AT&T Inc. (NYSE:T) also jumped in with the disapproval of regulations which was formulated back in 1930s. Meanwhile, AT&T Inc. (NYSE:T) CFO, John Stephens talked on CNBC about the need to change the old FCC regulations. He also talked about streaming, net neutrality and live sports.

Most Valuable Brands in 2013

“Title II regulation is 1930s regulation. It puts future of internet, mobile, data, broadband back into the 1930s. That’s not where this country was going. If you look at what’s happening in this competitive environment, over the last 10 years, data per capita, internet use per capita is all exploding in the United States,” Stephens said.

Many people are visualizing the ultimate dream of ability to view the live sports event through mobile devices and AT&T Inc. (NYSE:T)’s acquisition of DirecTV also might make a path for that dream to come true. Stephens that AT&T Inc. (NYSE:T) would like to have the capability to stream the video over the LTE and he said that they are excited about the quality with which they will be able to do that.

Stephens mentioned that AT&T Inc. (NYSE:T) has 300 million pop coverage of LTE as of now. He added that it’s the most reliable high speed internet. DirecTV acquisition makes many people think that AT&T Inc. (NYSE:T) might be able to broadcast the television shows on the air to its viewers. Stephens said that AT&T Inc. (NYSE:T) has capability to make 100+ channels from DirecTV available to its viewers on tablets and mobile devices.

Stephens said the there is a inherent challenge with sports since it’s a live event, whereas movies and television shows are a little different and less complex. Stephens added that with the inclusion of DirecTV, people with contents will have a lot of opportunity to sell their contents to AT&T Inc. (NYSE:T), since the acquisition enhances the capability.

Disclosure: None

Warren Buffett and BillionairesFree Report: Warren Buffett and 12 Billionaires Are Crazy About These 7 Stocks

Let Warren Buffett, David Einhorn, George Soros, and David Tepper WORK FOR YOU. If you want to beat the low cost index funds by an average of 6 percentage points per year look no further than Warren Buffett’s stock picks. That’s the margin Buffett’s stock picks outperformed the market since 2008. In this free report, Insider Monkey’s market beating research team identified 7 stocks Warren Buffett and 12 other billionaires are crazy about. CLICK HERE NOW for all the details.