Verizon, AT&T May Tell U.S. to Keep $7.2 Billion Stimulus Money

[rbinck]

From http://www.bloomberg.com/apps/news?p...a9vpM&refer=us

March 31 (Bloomberg) -- Verizon Communications Inc. and AT&T Inc. may have this response to the U.S. government’s offer of $7.2 billion for high-speed Internet projects: Keep it.

Unlike the businesses that welcomed the $787 billion stimulus package approved by Congress last month, the two biggest U.S. phone companies have reservations. They’re urging the government not to help other companies compete with them through broadband grants or to set new conditions on how Internet access should be provided.

After seeing the strings attached to GM, AIG etc, who could blame them?