The Secret $8 Billion Wireless Scam: How AT&T, T-Mobile and Verizon Game the System

Alternet / by David Rosen and Bruce Kushnick

Telecom giants Verizon and AT&T have gamed the system, using regulations designed to foster competition to snatch up ever more of the wireless spectrum.

On May 11, the U.S. Senate Judiciary Committee held a hearing astutely titled, "The AT&T/T-Mobile Merger: Is Humpty Dumpty Being Put Back Together Again?"

At the hearing, Chairman Patrick Leahy, D-Vermont, raised a fundamental challenge: “At present, four companies control nearly 90 percent of the national wireless market. The proposed acquisition would further consolidate an already concentrated market for wireless communication.”

Click here to read the full article.


Alternet / by David Rosen and Bruce Kushnick