VENTURE CAPITAL POST

One of Google Inc's major business operations could fall under the day-to-day jurisdiction of the U.S. Federal Communications Commission for the first time, potentially subjecting the fast-moving Internet company to regulations it has often criticized.

The U.S. Federal Communications Commission on Tuesday warned hotels and other entities against blocking personal Wi-Fi access, or hot spots, saying it was illegal and could incur heavy fines.

U.S. broadcast regulators have fined Viacom Inc and ESPN $1.4 million "for misusing the emergency alert system" warning tones in a movie promotion in 2013, the Federal Communications Commission said on Tuesday.

The White House on Thursday said legislation was not necessary to settle so-called "net neutrality" rules because the Federal Communications Commission had the authority to write them.

The U.S. National Association of Manufacturers on Wednesday wrote to congressional and Federal Communications Commission leaders to oppose potential stricter regulations for Internet service providers.

Mexican billionaire Carlos Slim is set to become the largest investor in Spanish builder FCC after reaching a deal with the firm's current top shareholder Esther Koplowitz to buy her rights to participate in a $1.3 billion capital increase.

Emergency responders will be able to better locate callers who dial 911 on their cellphones from indoors as the U.S. wireless industry improves caller-location for the majority of such calls over the next six years.

Verizon Communications Inc is optimistic the Federal Communications Commission will make the "right" decision in legislating rules to regulate how Internet service providers manage their Web traffic, the company's chief financial officer told investors at a conference on Wednesday.

U.S. President Barack Obama on Monday said Internet service providers should be regulated more like public utilities to make sure they grant equal access to all content providers, touching off intense protests from cable and telecoms companies and Republican lawmakers.

Spanish cement company Cementos Portland Valderrivas majority owned by FCC, has approached Blackstone over the refinancing of 345 million euros ($436.36 million) of debt, a source close to the matter said on Friday.

Spanish builder and services company FCC (FCC.MC) said on Sunday its board had approved a well-flagged capital increase of 1 billion euros ($1.3 billion) which it will use to pay down debt.

The U.S. Federal Communications Commission said on Friday it paused its "shot-clock" on the review of the proposed $45 billion merger between the two largest U.S. cable providers, Comcast Corp and Time Warner Cable Inc.

U.S. telecommunications regulators will vote on Thursday on whether to formally propose new "net neutrality" rules that may let Internet service providers charge content companies for faster and more reliable delivery of their traffic to users.

More than 100 technology companies, including Google Inc, Facebook Inc, Twitter Inc and Amazon.com Inc, have written to U.S. telecom regulators to oppose a new "net neutrality" plan that would regulate how Internet providers manage Web traffic.

Sources told the Financial Times that billionaire George Soros has bought a 3.1% stake in Spanish builder FCC. The acquisition happened just three months after Microsoft's Bill Gates also made a bet on the company.