Pau Barrena | Bloomberg | Getty Images
jit Pai, chairman of the U.S. Federal Communications Commission, gestures while speaking on the second day of Mobile World Congress (MWC) in Barcelona, Spain, on Tuesday, Feb. 28, 2017.
The Federal Communications Commission on Thursday voted 2-1 to significantly ease
regulatory requirements in the $45 billion business data services market, a win for companies like AT&T, CenturyLink, Verizon Communications and others but could lead to price hikes for many small businesses.
The vote is a blow to companies like Sprint and others that claim prices for business data are too high and backed a 2016 plan under President Barack Obama that would have cut prices but was never approved.
