TELECOM ACT DEMISE
Just last month, communications giant, Verizon, signed a $3.6 billion dollar deal with "competitors" Comcast, Time Warner, and Bright House Networks. Experts argue that the alliance unofficially spells out the end of the United States' Telecom Act of 1996–a congressional bill that promised consumers fair and competitive tele-communications services. And now a second part of that multi-billion dollar deal is speculated to draw out how each company will actually stay out of one another's way and possibly sell each other's services to overlapping customers–in other words, a cleverly disguised monopoly, as the New York Times reports:
Instead of reaping the benefits brought by competition — downward pressure on prices, improved infrastructure investment, faster download speeds — consumers can expect to face monopoly market conditions where cable and telco companies sit back and collect increasingly high monthly rates because subscribers have nowhere else to turn.