AT&T Asks Consumers to Pay Premium For Internet Privacy

Telecom giant AT&T announced plans to charge $29 more per month for privacy in its high-speed GigaPower Internet service plan.
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Telecom giant AT&T announced plans to charge $29 more per month for privacy in its high-speed GigaPower Internet service plan. In this case, privacy means keeping your Web browsing habits away from advertisers, which are willing to pay telecom companies for this information, in order to provide targeted advertisements. While it's too early to tell how much consumers are willing to shell out to keep their information in the dark, AT&T's bold move sets the stage for competitors, like Verizon Communications, to follow AT&T's lead. TheStreet's Scott Gamm has details from New York.