VERIZON HEAD: TELEPHONE RATES TO REMAIN STABLE FOR TWO YEARS

The chief of Verizon in New Jersey said all telephone rates will remain unchanged for two years. Dennis Bone made that pledge prior to a controversial vote on Monday that could lead to deregulation in the telecommunications industry. Many opponents are concerned that the bill will lead to less services and higher prices. The Star-Ledger reports that in a letter they obtained that went to key leaders in the state legislature, Bone promised that rates would not be increased for the next two years.