Broadband and Breakfast - Verizon, TracFone Deal Gets FCC and California Approval
Senior legal analyst Daniel Hanley’s opinion piece was cited for his criticism of the Verizon TracFone merger.
The deal was initially criticized for eliminating a strong Verizon competitor and potentially leading to an increase in the barrier to market entry for the communications sector. Policy analyst Daniel Hanley at the Open Markets Institute said in a Broadband Breakfast expert opinion that the merger allows Verizon to neutralize competitors.
“Verizon does not need to acquire TracFone to accomplish its operational goals,” he said. “The FCC should not allow Verizon to use its dominant financial position to acquire a critical competitor and market participant and forgo operational investments and other necessary market research to expand its network.”