Verizon CFO Fran Shammo reiterates the dangers of Title II for jobs and investment

Verizon Chief Financial Officer Fran Shammo, speaking about the impact that Title II regulation would have if applied to broadband service, said, "First of all, this is not an issue about Internet rules. It's about an issue of Federal Communications Commission reclassifying broadband as a Title II service, and this will absolutely affect us and the industry on long-term investment in our networks. I guess I would emphasize also that the approach, in whole or in part, on Title II is an extreme and risky path that will jeopardize our investment and the development of innovation in broadband Internet and related services. It will also tie up the industry in a very uncertain time and cause all types of litigation. So when I said before and misquoted on the fact that it would not hurt our investment, I was talking about 2015. But if this piece of Title II was to pass, I can absolutely assure you it would certainly change the way we then view our investment in our networks."