The Federal Communications Commission warned Thursday in a new report that the wireless industry is becoming more concentrated.
In its annual report on competition, the FCC reversed years of findings that the market is competitive. The report didn't say that the market is not competitive, rather that it has become more concentrated over recent years.
Specifically, the FCC said since 2003, market concentration has increased 32 percent. The report indicates that 60 percent of the nation's subscribers and revenue come from the country's two largest wireless providers: AT&T and Verizon Wireless. The FCC noted that … Read more