Tech Expert Wadhwa: Internet Supplier Mergers Inhibit Competition

Wednesday, 14 May 2014 06:35 PM

By Courtney Coren

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Internet supplier mergers such as the that of Comcast and Time Warner are a concern because they "inhibit competition," says technology entrepreneur and university professor Vivek Wadhwa.

"I'm really worried about it because if you look at the state of Internet access in the United States it's pretty pathetic, it's extremely expensive, it's slow and it's getting worse, it's not getting better," Wadhwa, the author of "The Immigrant Exodus: Why America Is Losing the Global Race to Capture Entrepreneurial Talent," told J.D. Hayworth on "America's Forum" on Newsmax TV.

"Anything which inhibits competition is bad so we need to figure this out."

Story continues below video.



While mergers that take place between tech companies can lead to new breakthroughs, Wadhwa argues that this is not the case with Internet suppliers.

"In this case, Comcast is already a formidable company and reducing the options for competition, reducing the option for getting cable Internet is not a healthy thing, we need competition," he says.

"You don't have the ability to easily compete with the cable giants as it is, it's like the airlines, we debated whether they should be merging together because we want more competition, not less. The same principles apply here as they do in mega-industries," Wadhwa explained.

The college professor said that he's not as concerned about AT&T purchasing DirecTV because the telecommunications company, "is entering a new marketplace and it's not crowding out competition."

Related Stories:




© 2014 Newsmax. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Tech CEO: Electricity, Light Key to Empowering Africa

Friday, 31 Oct 2014 19:23 PM

Africa suffers from "energy poverty," with 1.2 billion people unconnected to power grids, and plugging in would provide  . . .

Sports Business Analyst: LeBron to Boost Cleveland Economy

Friday, 31 Oct 2014 19:08 PM

The return of Ohio son LeBron James to the NBA's Cleveland Cavaliers is as big a deal for a city that needs good news as . . .

Colorado GOP Chief: Gardner 'Leading Charge' to Take Senate

Friday, 31 Oct 2014 17:59 PM

If Republicans score a Senate majority in Tuesday's midterm elections, they may have their candidate in Colorado, Rep. C . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved