The consumer absolutely will not benefit from this. First of all, building out competing telco networks is nearly impossible. Look at the failure of Google Fib

The consumer absolutely will not benefit from this. First of all, building out competing telco networks is nearly impossible. Look at the failure of Google Fiber and Verizon FiOS as examples. Second, the issue is mostly about how telcos are now the gatekeepers of the entire internet. They now decide if it's an even playing field for everybody, or not. They can now say "Hey if you want to have high speed access to our customers, you have to pay us." and that means that if I want to start up say, a competitor to Youtube, I need a lot more money to do it. I can't just build a platform, I now also have to pay the networks. And before you say "That seems fair, you're using their networks." Keep in mind the customers are already paying for those networks. So the telcos are double dipping. More than that, since we already know they reap huge profits just off of customers alone before they are able to levy these new fees against services as well. This is a huge blow to the internet, and historians will look back at this as the point where innovation online began to stagnate and the internet calcified and began to decline.