Capitalism makes strange bedfellows. We thought Verizon and AT&T were in competition in the telecom market, but we inadvertently forgot that it’s all about profits. Could a deal have been struck between these two giants to be quiet for now and who cares about what is true about their networks, as long as consumers are forking over their money? And what about the employees who will pay the price of an aged network when the next economic crisis occurs? Happy Holidays from the Telecom giants, and in our opinion their will be no truth in your stockings this year or in their TV ads either. Bah, a repeat of last year!

AT&T, Verizon Hang Up Their Lawsuits

By David Needle
December 7, 2009

Well, that was quick.

Last month, AT&T (NYSE: T) sued Verizon (NYSE: VZ) to stop advertisements from the carrier comparing the two companies' coverage. AT&T claimed that the ads, which portrayed Verizon as having far greater nationwide 3G coverage, were misleading.

AT&T has since launched an ad campaign of its own starring actor Luke Wilson, that touts AT&T's nationwide coverage.

A federal judge had earlier rejected AT&T's request to have Verizon Wireless pull the ads. A preliminary court hearing was set for December 16, but today the two companies announced a settlement though few details were forthcoming.