Telecom companies vying for $7.2 billion in broadband stimulus funds are urging federal regulators not to mandate a super-fast internet speed as a criterion for winning the money, Reuters reports. Critics of this approach, though, say no government standards led to the United States lagging its industrialized peers in average broadband speed, viewed as a key driver of economic development. Telecommunications firms are lobbying to shape the still unwritten rules that will govern how regulators dole out the billions. "Speed is a movable target," said Dave Malfara, speaking for Comptel, an industry group that represents smaller rivals to companies such...

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