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Google and Verizon's net neutrality proposal explained

Engadget: After a week of rumors hinting at Google and Verizon brokering some sort of net neutrality "deal," the two companies made some waves this afternoon with a hastily-arranged press call during which CEOs Eric Schmidt and Ivan Seidenberg emphatically denied any sort of formal business arrangement and instead put forth what they called a "joint policy proposal" -- seven principles they say will preserve the open internet while allowing network operators the flexibility and freedom to manage their networks.

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