Earlier this year, Verizon Wireless and four of the largest cable companies submitted an application to the Federal Communications Commission to purchase additional spectrum from four cable providers. They are seeking to market a “quadruple play” -- locking in more customers at even higher prices.
The deal, struck behind the closed doors of America’s corporate boardrooms, poses a threat to consumers and workers. If it goes through, it will be the death knell for competition between cable and telecom companies. Verizon Wireless, Time Warner, Comcast, and other cable companies will become a giant, unregulated quasi-monopoly. Verizon will have no incentive to challenge cable by building FiOS into new areas -- meaning less competition, consumer choice, and higher prices for consumers.
Less FiOS also means fewer jobs building, maintaining, servicing, and installing the network. This deal will create a corporate behemoth that will use exclusive quad-play market power to shrink its future workforce.
Worst of all, Verizon Wireless and the cable companies are refusing to come clean about the details of the deal. Even as the FCC and Department of Justice review it, we still don’t know what it means for consumers or workers.
Help block Verizon Wireless’ and the cable companies secret spectrum deal -- sign the petition today!