The move doesn't have any immediate

The move doesn't have any immediate and direct impact as Internet phone service is not currently regulated, however the decision could foster opportunities for consumer interest groups to push for a provision down the road.

Telecom giants like Time Warner and Verizon have pointed to the fact that Cuomo's own budget documents suggest that anti-regulation legislation would lead to greater capital investment in broadband networks – technologies that governments around the country believe are crucial to the economy, according to the Times Union.

The anti-regulation legislation

While pulling the anti-regulation legislation, Cuomo is nevertheless looking to allocate millions of dollars in stimulus funds to expand broadband access to the most rural and underserved areas in the state.

Cuomo's broadband push reflects President Obama's plan, first revealed eventually year's Inaugural Address, which has a goal of releasing high-speed wireless to 98 percent of all Americans within the then five years.