Pennsylvannia Suddenly Not Sure Why It Approved Verizon-MCI Merger
from the whoooops dept
Only a year and a half or so after Verizon was given the okay to buy MCI, Pennsylvania is suddenly questioning the decision. Apparently, a state court found that the Public Utility Commission (PUC) "did not study the anticompetitive effects of the merger" and didn't make sure that the merger would benefit customers. Seems a bit late to suddenly be questioning the decision -- though, it could mean that the PUC will go back and impose additional conditions on Verizon (sure to be contested). Of course, Pennsylvania has a long, sordid history of letting Verizon (and its predecessors) slide on various agreements. For the various tax breaks given by the state, Verizon was supposed to be delivering much faster connections to many more homes. Instead, they took the money and ran... and now it looks like they got away with a merger without significant review as well.