Verizon Wireless will keep make its exclusive deals with handset providers last for shorter timespans, the carrier said in a letter to Rep. Rick Boucher, chairman of a House of Representatives subcommittee on communications, technology, and the Internet, according to a report on the Bloomberg wire. One significant aspect of this is that the company is making the announcement not in a release to the business press, not at a conference for potential investors or at a meeting with its business partners or with analysts who cover the company, not in an announcement to its customers or its dealers, but in a letter to a Democratic congressman from Virginia. In the new environment, it is members of Congress, as much as customers, suppliers, employees, or shareholders, who set the terms of business deals. And it is yet another reminder that government involvement is not limited to banking or health care or automaking, but is really stretching into every corner of the economy.
Verizon's Letter to Boucher
https://www.futureofcapitalism.com/2009/07/verizons-letter-to-boucher
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