Verizon, Google strike net-neutrality deal
By Sara Jerome

Google and Verizon’s chief executives unveiled an agreement on Monday that they said would preserve an open Internet, but that critics charged would hurt consumers by eventually making content providers pay for more advanced services.

Under the agreement, which Google CEO Eric Schmidt stressed is a “joint public announcement” and not a “deal,” large Internet companies would not be able to secure a competitive advantage by paying cable and phone companies to fast-track their content to users.

“That was a principle Google established from the beginning,” said Verizon chief executive Ivan Seidenberg, who joined Schmidt on the call.

The press conference followed reports last week that the search engine and telecommunications giants were working on a deal on how Internet service providers should treat the traffic running over their networks.

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