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Justice Dept. Stalls Verizon Deal Over Competition Concerns

Jul 13, 2012, 7:00 AM by Eric M. Zeman
updated Jul 13, 2012, 7:02 AM

The Department of Justice is delaying Verizon's attempt to purchase 122 AWS spectrum licenses from several cable companies due to concerns about anti-competitive behavior. The Wall Street Journal, citing sources familiar with the Justice Department's plans, reports that the government agency is specifically concerned with the cross-promotion aspect of the deal related to their wired broadband and television services. The Justice Department feels this arrangement is essentially an agreement between the organizations involved to not compete with one another, which could impact what services are available to consumers and how much they cost. The Journal's sources say the Justice Department has made it clear to Verizon and its cable company partners that it won't approve the deal until changes are made to this portion of the agreement. The Federal Communications Commission is prepared to approve the deal after Verizon Wireless agreed to divest some spectrum holdings if the deal goes through.

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LibtardExposer

Jul 13, 2012, 6:15 PM

Maybe the DOJ and the FCC should do more

Maybe The DOJ and FCC need to wake up and do something about the way these carriers are offering their data plans. This is all getting crazy they want you to pay lot's more for the data than we have ever ! Considering the build outs and much more towers than there have ever have been how come they can't offer unlimited data? I thought the point of LTE was for fast and for a plentiful amount of data. Now only to be screwed by these limits? Maybe they need to break up these monopoly giants and things could get back to customer service and value

WhySoBluePandaBear

This will NEVER happen, because our government is bought and paid for by corporations.

The best investment a company can ever make, is buying politicians - so that they then can go unchecked and unregulated.

Now, because of that, they're doi...
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dlmjr

Data useage is slated to increase by ~500% in the next 5 years.
Tower costs, from start to finish can exceed $500,000 per tower.
Operating costs are not cheap.

How do you propose that the carriers remain financially viable while giving away free ...
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