Antitrust Senator Raises Concerns Over Verizon Cable Deals
Stops short of recommending regulators block them
Critics of Verizon Wireless' $3.9 billion spectrum purchase and marketing and joint venture deals with the nation's largest cable companies may have just won a powerful ally in their fight to persuade regulators to either block or condition the deals. Sen. Herb Kohl (D-Wis..), the powerful chairman of the Senate Antitrust Subcommittee, said today that the deals "present serious competition concerns."
Though Congress has no authority over a particular deal's outcome, lawmakers like Kohl (who came out against the AT&T-T-Mobile merger that eventually failed) carry influence and provide regulators with political backup should they want to block or impose restrictions.
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