SOURCE: The Bedford Report

The Bedford Report

October 11, 2010 08:46 ET

Quickly Rising Sales at Domestic Telecoms in Danger of Being Slowed by New Regulations

The Bedford Report Provides Analyst Research on Verizon and Qwest

NEW YORK, NY--(Marketwire - October 11, 2010) - Sales within the Domestic Telecom Industry have risen in recent months largely due to a 25% quarterly increase in sales and demand of new fibre-optics technology. There is concern however that recent growth could be affected as the US Federal Communications Commission is looking at changing the pricing and cost structure of broadband internet service. This legislation could slow or even halt growth in broadband technology. The Bedford Report examines the outlook for companies in the Domestic Telecom Industry and provides research reports on Verizon Communications, Inc. (NYSE: VZ) and Qwest Communications International, Inc. (NYSE: Q). Access to the full company reports can be found at:

Since taking the reigns as chairman of the FCC two years ago, Julius Genachowski has preached the FCC's desire for a "free and open internet." In the last year the FCC released its National Broadband Plan, a massive document containing dozens of proposals for making Internet access faster and cheaper for all Americans. The National Broadband Plan recommendations, that the FCC has already begun implementing, include moving to free up spectrum for mobile broadband and reform of the E-Rate program to help bring technology into schools. Telecommunications companies have expressed their opposition to more FCC regulation. This summer industry heavyweight Verizon's CEO Iven Seidenberg publicly criticized the FCC saying the new proposals for regulating Internet lines "will cause uncertainty in the marketplace, create disincentives for investment and make one of the true success stories of the American economy less competitive."

The Bedford Report releases regular market updates on the Domestic Telecom Industry so investors can stay ahead of the crowd and make the best investment decisions to maximize their returns. Take a few minutes to register with us for free at and get exclusive access to our numerous analyst reports and industry newsletters.

The FCC has been pressing Verizon increasingly hard as of late. Last week Verizon announced that it will issue a refund to roughly fifteen-million customers in the amount of around $2-6 each, after incorrectly billing them for data services they didn't use. Verizon declined to comment on whether it could narrow the potential payout range of $30M-90M. The decision comes after the FCC began looking into the issue 10 months ago.

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