FROM THE
Unleash Prosperity Hotline

Deregulation Drove Down Broadband Prices Again Last Year

We led the charge against Biden administration efforts to reimpose failed Obama-era net neutrality regulations, pointing out that deregulation had driven prices down and speeds up.

FCC chairman Brendan Carr mercifully put the whole net neutrality issue out of its misery last year and has moved even more aggressively on deregulation, repealing all manner of outdated telecom regulations through his “Delete, Delete, Delete” process.

These are the early results, summarized by first-term Trump FCC Chairman Ajit Pai:

Since Trump took office, wireless service has been down by more than 6%, with smartphones 17% cheaper. Meanwhile, speeds are 50% faster, and Americans used a record amount of data last year, 32% more than the year before. In most sectors of the economy, higher performance comes with higher prices. In wireless, intense competition is producing the opposite result.

The same dynamic is now reshaping home broadband. 5G is bringing real competition to a market long dominated by a small number of cable monopolies. Consumers desperate for choice finally can vote with their wallets — and they are. Over the past three years, 99% of new broadband subscribers chose 5G. This competition from wireless has lowered prices 3% over the past year. And independent studies project billions in additional consumer savings in the years ahead.

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