NewMarket Technology (fka NWMT)

[rebel_trade]

FCC Rules in Favor of Net Phone Industry

Tuesday November 9, 8:39 pm ET
By Jennifer C. Kerr, Associated Press Writer

WASHINGTON (AP) -- Federal regulators gave a boost Tuesday to the fledgling Internet phone industry, removing a regulatory hurdle that threatened to drive up the cost of making calls through cyberspace.

The Federal Communications Commission voted 5-0 for a petition by Vonage Holdings Corp. of Edison, N.J., which had asked the agency to declare the company's product an interstate service, giving the FCC regulatory control.

The move exempts Vonage and similar providers of Voice over Internet Protocol, or VoIP, from some key state-by-state regulation that the companies say would add cost.

FCC Commissioner Kathleen Abernathy, a Republican, said streamlining regulation of VoIP companies will help the industry grow. "By fencing off these services from unnecessary regulation, this order will help unleash a torrent of innovation," she said.

there's more ..
http://biz.yahoo.com/ap/041109/fcc_internet_calls_11.html