Monday, July 6, 2009

Justice Department Is Looking At The Telecoms

I have no love for the telecoms and wireless providers.  In most cases, they are the came.  But the cost of messaging almost null, they insist on charging about $0.20 per text.  

Now, the DOJ is looking to see if they've abused their market power.  I think it's about time.  In fact, they should be working on this with the FTC as well as the FCC to determine how much abuse there are in the industry.  

The two main issues some lawmakers have raised about the wireless providers are phone and contract exclusivity and text messaging.  I imagine these are some of the issues that the DOJ may be looking into. 

This investigation is being handled by the antitrust devision and Onxo will update this issue as more information becomes available.  

Look, I'm for folks making a buck. This is the way it ought to be.  Whether profit is reasonable or excessive should be determined by the market.  But when these guys work together to hold back progress, fix prices, and hinder competition, they need to be slapped around.  

And hard.

Source:  CNBC

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