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Netflix to pay Comcast for faster speeds

24
Feb
2014

(Reuters) – Netflix has agreed to pay one of the largest broadband providers in the United States Comcast Corp for faster speeds, throwing open the possibility that more content companies will have to shell out for better service. Comcast and Netflix made the joint announcement on Sunday, marking the first time that Netflix is paying for faster speeds in the U.S. after customers complained about slow service. The arrangement comes as federal regulators are wrestling with an issue known as Net neutrality concerning broadband providers and whether they can slow down traffic to particular websites, potentially forcing content companies to pay for faster Web service. The Federal Communications Commission said last week it plans to rewrite the rules after a U.S. court struck down the commissions previous version.

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