AT&T plans to delay its ambitious fiber optic cable investments in 100 cities until U.S. regulators define the rules for net neutrality.

“We can’t go out and invest that kind of money deploying fiber to 100 cities not knowing under what rules those investments will be governed,” AT&T CEO Randall Stephenson told investors at a conference Wednesday morning, according to Reuters.

“We think it is prudent to just pause and make sure we have line of sight and understanding as to what those rules will look like,” Stephenson added.

His comments came just two days after President Obama urged federal regulators to invoke rules banning Internet Service Providers such as AT&T from requiring payments from content providers like Netflix to get higher network priority.

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