Source: Wall Street Journal
quote: The FCC and U.S. Department of Justice are both looking to block the minor provision of the deal involving the non-compete agreement.Otherwise, they are relatively pleased with the deal and with Verizon's recent behavior. While FCC Chairman Julius Genachowski reportedly plans to implement requirements that would force Verizon to offer competitors fair data roaming agreements on its network, he is moving to conditionally approve the deal, ahead of a late August review deadline.
quote: what exactly is your proposal for a solution?
quote: Well, if you don't trust the only people that can regulate these businesses (Government, via the FCC),
quote: Laws can be very clear. And when you're unsure, you go back to other commentary the person(s) who helped write them have made.
quote: But on the point at hand, collusion has been prohibited for a good long while (in most cases), and this deal looks like a pretty cut and dry case of collusion.
quote: However, on the eve of the deal, the U.S. Federal Communications Commission has hit the brakes, alarmed at a "side-deal" in the purchase.
quote: While FCC Chairman Julius Genachowski reportedly plans to implement requirements that would force Verizon to offer competitors fair data roaming agreements on its network
quote: The law in this case is that the FCC has the authority to draw up statutes to best manage the EM spectrum for the benefit of the people of the United State of America. So they aren't interpreting the laws intent, they are (re)writing the law they were put in charge of writing. Essentially, Congress delegated their lawmaking power to the FCC - a good thing, since Congress is basically doing nothing these days.
quote: ... this is yet another example why we need regulatory oversight on businesses.
quote: Its a shame some people can't see past their party lines. Educated people can make informed choices about issues ...
quote: Many in Congress and at federal regulatory industries feel this is a textbook example of collusion. Others argue businesses should be free to do whatever they want, regardless of the impact to consumers.