Tags: America's Forum | internet | supplier | mergers | comcast | time warner

Tech Expert Wadhwa: Internet Supplier Mergers Inhibit Competition

By Courtney Coren   |   Wednesday, 14 May 2014 06:13 PM

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."

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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."

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