CenturyLink, Inc. (NYSE: CTL) today filed a petition for review in the U.S. Court of Appeals for the D.C. Circuit challenging the Federal Communications Commission’s net neutrality order on the grounds that it is arbitrary, capricious, an abuse of discretion and a violation of federal law.
“CenturyLink invests hundreds of millions of dollars a year to build, maintain and update an open Internet network and does not block or degrade lawful content. However, the FCC has chosen to subjugate the Internet to government-controlled public utility regulations from the 1930s. These regulations not only have no place in the 21st century economy, but will chill innovation and investment. We are challenging the FCC’s misguided net neutrality order for these reasons and because we believe it could lead to higher prices and fewer choices for consumers.”