Posted March 06, 2021 09:02:51Amazon CEO Jeff Bezos says the company will fight the FCC’s decision to take its antitrust cases to the court, and he expects it to take a long time to win.
“We’re not going to stop until we get this done,” Bezos told a packed room of business leaders on Wednesday at a conference on the future of Amazon in New York.
Bezos said the company has no plans to let the Federal Communications Commission overturn its decision.
The FCC, which oversees the broadband industry, issued its decision last week that said the Internet giants can’t block competitors from offering faster Internet access for their customers, but that the companies should let their customers pay for faster broadband.
The companies argued that the FCC had erred by allowing the ISPs to charge consumers for faster Internet connections that were not offered by the companies.
A three-judge panel of the FCC panel ruled in favor of the ISPs in a 4-3 decision.
Amazon and other companies have long argued that their businesses depend on the ability to offer the faster Internet service that consumers want.
But many lawmakers and consumer advocates say that the new rules could lead to slower Internet speeds and the loss of innovation and competition.
Amazon and Google have already begun taking legal action against the FCC to get the rules reversed.
The company’s case comes after the FCC took a second look at the issue in March.
At the time, the FCC said it was “dismayed by the fact that the Commission had allowed the Internet service providers to charge a premium for faster speeds than consumers wanted.”
The company also said the new regulations would create a “backdoor” that would allow ISPs to collect the prices consumers pay for Internet service from third parties.
As a result, the company said the FCC should have allowed competition.