The New York state Senate meets in the Senate Chamber on the opening day of the legislative session at the state Capitol in Albany, N.Y., on Jan. 8, 2020. (AP Photo/Hans Pennink, File)
On Friday, the industry groups said they were weighing their next legal move.
"We are disappointed by the court’s decision and New York state’s move for rate regulation in competitive industries. It not only discourages the needed investment in our nation’s infrastructure, but also potentially risks the sustainability of broadband operations in many areas," a statement read.
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New York state lawmakers approved the law in 2021 as part of the budget, with supporters arguing that the policy would give low-income residents a way to access the internet, which has become a vital utility.
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