Can the Verizon/Big Cable monopoly be stopped?
Verizon Wireless and the largest cable companies have inked an agreement to stop competing and become partners. But they’ve kept the details secret.
Here’s what we do know: this deal is a death knell for consumer choice and industry competition. By joining together and marketing each others’ services, Verizon Wireless, Comcast, Time Warner, Bright House, and Cox will concentrate their power in the industry, becoming a virtual monopoly.
The deal also includes a joint operating entity to develop exclusive, proprietary technologies the Verizon/Big Cable partners would use to crush competitors.
Verizon and the cable companies don’t want scrutiny of this deal. With opposition to the deal growing, the FCC just temporarily suspended its regulatory review.
But even if the companies do provide more information about the deal to the FCC, much of it will be locked behind confidentiality agreements, hidden from the public. The stakes are too high to let this happen.
Will you ask your members of Congress to demand a public hearing on the Verizon/Big Cable monopoly-making deal? Click here to take action.
Elected officials, consumer organizations, civil rights groups, telecom workers and individual consumers are speaking out about the effect this deal will have on pricing, competition and jobs. Representatives Henry Waxman and Anna Eshoo of California have begun the call for hearings.
Join them. Urge your members of Congress to demand a hearing on the Verizon/Big Cable monopoly grab!