Daniel Porter
May 8, 2012
Communication Workers Union opposes Verizon deal
Major mergers and acquisitions in the telecommunications industry require approval by the FCC to ensure fair competition on the air and cable waves. Verizon's proposal to purchase almost $4 billion in wireless spectrum from Comcast and Time Warner Cable is currently under review by the FCC to ensure that it will not eliminate competition in the already scarce field of telecommunications companies. The Communication Worker's of America union strongly opposes Verizon's deal, claiming in a report yesterday that the acquisition "will end historic competition between formerly energetic rivals."