Investigations

Justice Department Probes Telecom Industry

Have the telecom giants been behaving badly? According to The Wall Street Journal, "The Department of Justice has begun an initial review to determine whether large U.S. telecom companies such as AT&T Inc. and Verizon Communications Inc. have abused the market power they've amassed in recent years." The investigation is in its early stages and isn’t targeting any specific company yes. One potential benefit of the investigation? It could free the iPhone from AT&T: "Among the areas the Justice Department could explore is whether wireless carriers are hurting smaller competitors by locking up popular phones through exclusive agreements with handset makers, according to the people."