The U.S. Justice Department’s decision today to approve the Verizon Wireless-Big Cable deal is exactly the wrong one for workers, consumers and communities. The result is a massive Verizon Wireless/cable/content monopoly, job cuts, higher prices, and fewer choices.
The weak conditions on cross-marketing that DOJ has set in place will do little to continue competition. Instead, this deal will result in Verizon abandoning further investment in FiOS, its high speed network. For communities like Baltimore, Boston, Buffalo, cities across upstate New York and most of Pennsylvania, Maryland, Massachusetts, Delaware, and Virginia, there will be no high-speed Internet competition -- none.
The cable monopoly with high-speed linked to content bundles that drive average prices higher is not the answer. No other 21st Century nation has chosen this path. Finally, how will the DOJ or FCC police marketing restrictions within a market area?
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