The Wall Street Journal is reporting that the U.S. Department of Justice is launching an initial investigation into major telecom companies, namely AT&T and Verizon, considering whether the two giants have been abusing their formidable market power. According to the article, the DOJ is closely looking into handset exclusivity agreements, citing potential harm to smaller competitors who are unable to land the latest and greatest handsets such as Apple's much revered iPhone.
The DOJ antitrust probe is also expected to examine telecom service offerings, including further inquiry into text messaging rates after lawmakers recently expressed initial concern over the cost of messaging. The probe will also look into restrictions placed by carriers on services third-party companies can offer over the telecom's networks.
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