Hearing of Senate Judiciary Committee on BC/AT & T and Verizon/MCI Mergers -Remaking the Telecommunications Industry

Hearing of Senate Judiciary Committee on BC/AT & T and Verizon/MCI Mergers -Remaking the Telecommunications Industr

STATEMENT OF HON. JOHN CORNYN, A U.S. SENATOR FROM THE STATE OF TEXAS

Senator Cornyn. Thank you, Mr. Chairman. Just briefly, of course, I would like to welcome all the witnesses here today.
Mr. Whitacre is a constituent of mine and operates his headquarters out of San Antonio, Texas, my hometown, so I
wanted to greet him, and all of you, and thank you for being here today.

We understand that this is going to be the beginning of an awfully long process which is primarily going to reside in the
FCC and the Department of Justice. So as I understand it, the purpose of this hearing is to be able to understand from the
parties involved generally what the impact of these consolidations are going to be on competition, which we understand benefits consumers by keeping prices low, but also on innovation, and I will have a few questions in that regard.
I will reserve the rest for my questions.

Thank you, Mr. Chairman.

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