Verizon’s $3.9 billion bid for spectrum from a consortium of cable providers could be in jeopardy, with news surfacing Friday of the DoJ’s fear that a cross-marketing deal within the larger deal could reduce competition for landline Internet service. DoJ’s concern reportedly stems from Verizon’s agreement to jointly market wireless and landline Internet services with cable providers including Comcast, Time Warner Cable, Bright House and Cox. This could actually lead to the demise of Verizon’s own FiOS Internet service, which now competes with those cable providers.
Having experienced extremely high Internet speeds in Latvia for five years (500Mb-1000Mb for $50/month), a nation that is much poorer than the US... The dismal state of Net speed in San Diego is deplorable (-50Mb for$50/month). Americans are being scammed by the big service providers. They make extreme profits while doling out peanuts for the masses that use their services, and convince them they are getting a great deal with "high speed". It's high time the government stepped in to regulate, or the people woke up to demand their fair share of bandwidth/dollar.
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Verizon May Be On Course for DoJ Showdown
Posted by: Peter Suciu July 13, 2012 12:18 PMVerizon’s $3.9 billion bid for spectrum from a consortium of cable providers could be in jeopardy, with news surfacing Friday of the DoJ’s fear that a cross-marketing deal within the larger deal could reduce competition for landline Internet service. DoJ’s concern reportedly stems from Verizon’s agreement to jointly market wireless and landline Internet services with cable providers including Comcast, Time Warner Cable, Bright House and Cox. This could actually lead to the demise of Verizon’s own FiOS Internet service, which now competes with those cable providers.