Fear that Verizon and Charter Might Merge
A recent story in the Wall Street Journal about Verizon considering a takeover of Charter, has the internet worried and abuzz. A Charter (itself a takeover of Time Warner Cable) and Verizon merger would create an (evil) actual telecoms giant and further box in millions of already unhappy consumers. While a deal isn’t yet on the table, Charter’s shares are up by more than 7% following the news. Under President Obama, deals like this would have been seen by the FCC and Justice Department in a cautious light. However, under President Trump- including his newly-appointed FCC Chairman Ajit Pai- the administration is...
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