Dems Blast Verizon-Cable Plan As Competition 'Truce'

Law360, New York (March 21, 2012, 9:00 PM EDT) -- Sen. Herb Kohl, D-Wis., accused Verizon Communications Inc. and four of the country's biggest cable companies Wednesday of practically reaching a "truce" to limit competition with a multibillion-dollar wireless spectrum sale and a series of cross-marketing agreements that could leave the country on the verge of "losing the war" to keep two cellular giants from dominating their industry.

At a hearing over the set of agreements, which are already facing scrutiny from federal antitrust and telecommunications regulations, executives from Verizon and Comcast faced tough questioning from...
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