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Bernie Sanders says it's time to take the internet out of the hands of 'monopolies'

The Democratic presidential candidate's new "High-Speed Internet for All" proposal calls for treating the internet like a public utility.

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Sen. Bernie Sanders' proposal says high-speed internet should be more like a public utility.

MediaNews Group/St. Paul Pioneer Press via Getty Images / Contributor

Democratic presidential candidate Bernie Sanders released a plan Friday that calls for treating the internet like a public utility and breaking up "internet service provider and cable monopolies." The Vermont senator's "High-Speed Internet for All" plan would provide $150 billion in grants and aid for local and state governments to build publicly owned broadband networks as part of the Green New Deal.

Sanders also slams current internet providers in the plan, saying the internet should not be a "price gouging profit machine" for companies like Comcast, AT&T and Verizon. The plan proposes using existing antitrust authorities to break up what he calls telecom monopolies, and says he'll reinstate net neutrality regulation. The proposal would also require internet and cable companies to be more transparent about the cost of services and eliminate things like hidden fees

In a tweet Friday, Sanders said his plan will make America more equal by bringing high-speed internet to every community, "urban and rural."

Comcast, AT&T and Verizon didn't immediately respond to requests for comment. 

Read more: Best internet providers in 2019: How to choose cable vs. DSL vs. satellite and more

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