• Democratic Senators Push Fcc To Scrutinize Verizon's Tracfone Acquisiti

    From Moderator@21:1/5 to All on Thu Jul 29 16:50:48 2021
    "History has shown that positive pledges and good intentions without
    binding commitments has been insufficient to protect consumers and
    workers."

    Washington (July 21, 2021) - U.S. Senators Edward J. Markey (D-Mass.),
    Richard Blumenthal (D-Conn.), Sheldon Whitehouse (D-R.I.), Dianne
    Feinstein (D-Calif.), and Ron Wyden (D-Ore) pressed the Federal
    Communications Commission (FCC) today to probe Verizon's proposed
    acquisition of TracFone and secure specific commitments from the
    company to ensure that this acquisition will not harm consumers. In
    the $6.9 billion transaction, Verizon would acquire one of the largest operators of the Lifeline program which provides free or discounted
    internet and affordable prepaid mobile phone services to low-income
    Americans. TracFone's SafeLink Wireless Brand supports 1.7 million
    Lifeline subscribers in 43 states and approximately 21 million
    customers overall.

    "We are concerned that Verizon does not have a sufficient record on
    supporting Lifeline for its current wireless services and has provided
    few enforceable commitments to the FCC within the proposed TracFone transaction," wrote the senators to FCC Acting Chairwoman Jessica
    Rosenworcel. "While we note Verizon's stated goal of maintaining these services, Verizon would have significant incentives and opportunities
    to push subscribers from Lifeline and inexpensive prepaid services to
    higher revenue plans."

    https://www.markey.senate.gov/news/press-releases/democratic-senators-push-fcc-to-scrutinize-verizons-tracfone-acquisition-and-secure-commitments-to-prioritize-consumers

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)
  • From Moderator@21:1/5 to All on Sat Aug 14 21:46:33 2021
    "History has shown that positive pledges and good intentions without
    binding commitments has been insufficient to protect consumers and
    workers."

    Washington (July 21, 2021) - U.S. Senators Edward J. Markey (D-Mass.),
    Richard Blumenthal (D-Conn.), Sheldon Whitehouse (D-R.I.), Dianne
    Feinstein (D-Calif.), and Ron Wyden (D-Ore) pressed the Federal
    Communications Commission (FCC) today to probe Verizon's proposed
    acquisition of TracFone and secure specific commitments from the
    company to ensure that this acquisition will not harm consumers. In
    the $6.9 billion transaction, Verizon would acquire one of the largest operators of the Lifeline program which provides free or discounted
    internet and affordable prepaid mobile phone services to low-income
    Americans. TracFone's SafeLink Wireless Brand supports 1.7 million
    Lifeline subscribers in 43 states and approximately 21 million
    customers overall.

    https://www.markey.senate.gov/news/press-releases/democratic-senators-push-fcc-to-scrutinize-verizons-tracfone-acquisition-and-secure-commitments-to-prioritize-consumers

    --- SoupGate-Win32 v1.05
    * Origin: fsxNet Usenet Gateway (21:1/5)