That includes the controversial net neutrality order that a divided Federal Communications Commission passed two years ago, which Chairman Julius Genachowski praised as a "commonsense" policy that has demonstrated the merits of a "light-touch" regulatory approach, preserving fairness in the market without stifling investment and innovation.

"We need to preserve open platforms. It's the Internet's openness and freedom, the ability to speak, innovate and engage in commerce and free enterprise without having to ask for anyone's permission that's enabled its unparalleled success. It's why we adopted commonsense rules of the road to preserve a free and open Internet, and to foster the virtuous cycle of massive investment in both edge and the core of broadband networks," Genachowski said.

"These rules," he continued said, "have increased certainty and predictability for innovators and investors throughout the space."

Of course, critics of the 2010 order -- and there are many -- contend that the FCC overstepped its authority with prescriptive regulations that shackle Internet service providers with a burdensome new set of network-management restrictions. And opponents would be quick to challenge Genachowski's assertion that the net neutrality order has propelled investment in network infrastructure. Verizon and MetroPCS are challenging the rules in court.

The FCC's rules are poised to go through another test, with public-interest groups before the commission challenging AT&T's move to block the popular FaceTime videoconferencing app for users who don't subscribe to a Mobile Share plan.