Regulating the internet is necessary because we are over-regulating cable networks (and I don’t mean cable companies, I mean the companies that literally build cable wired networks around the country).
In my opinion, local governments and their selected company partners have conspired to block out all competition. You will not have a free internet with a small number of providers, or with government control.
New internet providers, cable companies, and supporting industries need to be allowed to enter the market. They’re, currently, not allowed by local municipal regulations.