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April 19, 2006
Regulated market watch: Verizon given more insulation from competition
"Competition" only the government could love: More competition means higher prices? The Buffalo News reports:
State regulators Tuesday adopted new rules that loosen the regulations on telephone companies and allows them to raise prices in the face of rising competition from cable providers, cell phones and the Internet....Verizon Communications, which had been pushing for a broad deregulation of the state's phone markets, said the new policy doesn't go far enough toward allowing it to compete effectively with cell phone providers, Internet-based phone services and cable TV companies....A PSC staff report last fall noted that Verizon has lost nearly 3 million access lines, or 25 percent of its customer base in New York, over the last five years as consumers have switched to other phone service providers.
Posted by bill at April 19, 2006 03:11 PM
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