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Author: videofreepress Description: Senate Judiciary Subcommittee on Antitrust, Competition Policy and Consumer Rights held a hearing on March 21, 2012 about Verizon's proposed deal to buy spectrum from Comcast, Time Warner Cable, Cox Communications and Bright House Networks -- and the marketing arrangements they've made to stop competing against one another. The deal calls for the cable giants to hand Verizon a giant chunk of the public airwaves, or spectrum, allowing it to grow even bigger while its wireless competitors wither away. In return, Verizon will promise not to eat into the cable cartel's broadband business. This deal slashes competition between companies that should be fiercely fighting for customers. What does this mean for wireless users? Slow speeds at higher prices. And no hope of new companies coming in to shake up the status quo. Joel Kelsey of Free Press testified at the hearing. This video is his opening statement to the subcommittee. For the full hearing, go to http://www.judiciary.senate.gov/hearings/hearing.cfm?id=8b30fa475a5089d793576cd94706f84e For more information, go to www.savetheinternet.com Views: 274 Rating: