Within a few days of President Obama asking regulators to reclassify the Internet as public utility—i.e. adopting so-called "net neutrality" rules preventing broadband providers from favoring some sites over others—a few high-profile opponents have emerged, some perhaps unexpected.
Cisco CEO John Chambers told CNBC that it would be a "major mistake" for the U.S. to adopt the net neutrality rules that Obama advocates.
"I think it was a major mistake to revisit Title II [the regulation governing broadband],: Chambers said..
"I've just come out of Europe last month. The European commissioners, country leads, [and] companies view the U.S. model as the one that is right and our broadband buildout over the four to five years has been very good, probably one of the best in the world," he said on CNBC's "Squawk on the Street."