Deals

Verizon’s Deal With Cable May Be Truce of Rivals, Kohl Says

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Verizon Wireless’s deals to buy airwaves from cable companies and cooperate with them may amount to a “truce” among rivals at the expense of consumers, a lawmaker examining the transactions said.

U.S. Senator Herb Kohl, speaking at a hearing today, urged regulators to ensure the arrangements don’t “reverse the historic gains in competition between phone and cable companies” over the past 15 years.