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Verizon Communications : Sen. Franken's Statement on Senate Republican Vote to Kill Internet Privacy Protections

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03/27/2017 | 11:25pm CEST

March 23, 2017

Contact: Michael Dale-Stein michael@franken.senate.gov 202-224-2916

Sen. Franken's Statement on Senate Republican Vote to Kill Internet Privacy Protections

WASHINGTON, D.C. [03/23/17]--Today, U.S. Sen. Al Franken (D-Minn.) released the following statement after his Republican colleagues in the Senate voted to overturn broadband privacy rules that prevent internet service providers--like Comcast, Verizon, and AT&T--from collecting, sharing, and selling Americans' sensitive information to third parties and marketers without their permission.

"The interest of consumers in Minnesota and across our country should always come before those of big corporations," said Senator Franken. "That's why I've long championed an internet that's open, accessible, and protects Americans' fundamental right to privacy. I strongly believe that corporations shouldn't be able to secretly collect, share, or auction off your private information to the highest bidder without your permission, which is why I advocated for federal rules to prohibit broadband providers like Comcast, Verizon, and AT&T from misusing customers' personal data.

"Today, my Republican colleagues voted to kill these internet privacy rules, which is extremely disappointing. As the top Democrat on the Privacy Subcommittee, I'm going to keep fighting these efforts to undermine the rights of Minnesota consumers because I work for them, not deep-pocketed corporations."

(c) 2010 Federal Information & News Dispatch, Inc., source Federal Documents

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Financials ($)
Sales 2017 165 550 M
EBIT 2017 30 002 M
Net income 2017 15 304 M
Debt 2017 98 855 M
Yield 2017 4,73%
P/E ratio 2017 16,61
P/E ratio 2018 15,66
EV / Sales 2017 2,14x
EV / Sales 2018 2,09x
Capitalization 255 981 M
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Mean consensus HOLD
Number of Analysts 27
Average target price 43,1 $
Spread / Average Target 3,4%
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Randall L. Stephenson Chairman, President & Chief Executive Officer
John J. Stephens Chief Financial & Principal Accounting Officer
Joyce M. Roché Independent Director
Laura D'Andrea Tyson Independent Director
Matthew K. Rose Lead Independent Director
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