Who owns, controls, or influences media outlets.
Nations and regions with wildly differing political systems and cultures have converged on a shared set of responses to the power of big tech firms: rein in the companies, avoid dependencies and subsidize critical networks and technologies. China, which has long been accused of protecting domestic companies, has recently been
Consumer groups are still very much concerned about what happens if TracFone gets acquired by Verizon even though Verizon promises to serve the public interest.
Facebook did something US technology giants have done countless times before: it bought a smaller company and closed the deal without notifying competition regulators. But this transaction -- the $400 million acquisition of image library Giphy -- was particularly bold. Giphy used a common -- and legal -- maneuver that lets companies avoid scrutiny from merger watchdogs: it paid a dividend to investors.
The Federal Trade Commission filed an amended complaint against Facebook in the agency’s ongoing federal antitrust case. The complaint alleges that after repeated failed attempts to develop innovative mobile features for its network, Facebook instead resorted to an illegal buy-or-bury scheme to maintain its dominance. It unlawfully acquired innovative competitors with popular mobile features that succeeded where Facebook’s own offerings fell flat or fell apart.
T-Mobile lied to government regulators about its 3G shutdown plans in order to win approval of its merger with Sprint, according to a ruling from the California Public Utilities Commission (CPUC).
If passage of the Infrastructure Investment and Jobs Act leads to even a significant portion of President Biden’s Build Back Better agenda through budget reconciliation, it will herald a new age of government investment and intervention in the economy, and a reversal of decades of pullbacks in public spending. On the surface, a $65 billion investment in broadband, with an emphasis on getting low-income and rural households connected and closing the digital divide, is an unalloyed positive.
Lumen Technologies plans to sell a swath of its US telecommunications network to Apollo Global Management for $7.5 billion, including $1.4 billion of assumed debt. The investment giant will carve out some of Lumen’s so-called incumbent local exchange carrier assets, a collection of telephone and broadband infrastructure that covers 6 million residential and business customers across 20 states, mostly in the Midwest and Southeast. Lumen’s remaining operations will focus on large business clients, who generate most of its revenue, as well as home-broadband subscribers in 16 states including C
Carl Shapiro, the lead economics expert in the Federal Trade Commission’s antitrust suit against Facebook, has parted ways with the agency—adding yet another impediment to the regulator’s largest court fight. The University of California-Berkeley economist has criticized new FTC Chair Lina Khan’s aggressive approach to antitrust enforcement, and she in turn has faulted the agency’s traditional reliance on economists’ analyses in its fights against alleged monopolists.
When T-Mobile acquired Sprint in April of 2020, it brought our major wireless carrier choices from four down to three. Recognizing that this would indeed be a bad thing for US wireless customers (aka all of us), T-Mobile agreed to a set of conditions with the FCC’s blessing that would theoretically position Dish Network to fill the Sprint-shaped hole in our wireless landscape. In other words, one wireless competitor was allowed to reduce competition only if it agreed to help set up another competitor in its place. Sounds a little suspect, right?
Democratic Senators Push FCC to Scrutinize Verizon’s Tracfone Acquisition & Secure Commitments to Prioritize Consumers
Senators Edward Markey (D-MA), Richard Blumenthal (D-CT), Sheldon Whitehouse (D-RI), Dianne Feinstein (D-CA), and Ron Wyden (D-OR) pressed the Federal Communications Commission to probe Verizon’s proposed acquisition of TracFone and secure specific commitments from the company to ensure that this acquisition will not harm consumers. In the $6.9 billion transaction, Verizon would acquire one of the largest operators of the Lifeline program which provides free or discounted internet and affordable prepaid mobile phone services to low-income Americans.