AT&T/T-Mobile vs. The Government

Apparently the DOJ has filed a lawsuit to stop the merger. Anyone particularly disagree with the decision?

http://money.cnn.com/2011/08/31/technology/att_tmobile_antitrust/index.htm?hpt=hp_t1

The Federal Communications Commission, which oversees the wireless industry, is in the midst of its own review of the proposed merger.

Following the DOJ's announcement, FCC Chairman Julius Genachowski said that the agency also believes the merger raises "serious concerns about the impact ... on competition."

Shares of AT&T (T, Fortune 500) tumbled more than 4%.

Wayne Watts, AT&T's general counsel, said in a statement that the company was "surprised and disappointed by today's action." He went on to say that the company remained "confident that this merger is in the best interest of consumers and our country, and the facts will prevail in court."

[...]

Relevant bit of trivia: Carlos Slim Helu, in Mexico, has a monopoly on cell phones.

I don't know the details of the decision, but I think the merger is a bad thing for the consumer.

There's no way that this merger will somehow lower prices or increase the competition in the market.

Originally posted by wittywonka
Apparently the DOJ has filed a lawsuit to stop the merger. Anyone particularly disagree with the decision?

http://money.cnn.com/2011/08/31/technology/att_tmobile_antitrust/index.htm?hpt=hp_t1

The Federal Communications Commission, which oversees the wireless industry, is in the midst of its own review of the proposed merger.

Following the DO ...[text shortened]... st of consumers and our country, and the facts will prevail in court."

[...]

The merger was to have created 5,000 jobs.

Originally posted by normbenign
The merger was to have created 5,000 jobs.

That must be interesting math, because usually mergers result in job losses.

AT&T sucks rhino balls because they're overpriced, and T-Mobile eats cow pies because their coverage is crappy. Next stop: Verizon.

Originally posted by normbenign
The merger was to have created 5,000 jobs.

If you honestly believe that then you're seriously deluded.

Originally posted by Soothfast
That must be interesting math, because usually mergers result in job losses.

AT&T sucks rhino balls because they're overpriced, and T-Mobile eats cow pies because their coverage is crappy. Next stop: Verizon.

ATT knows Verizon has its network beat, therefore the merger with T-Mobile.

Originally posted by rwingett
If you honestly believe that then you're seriously deluded.

Convince me otherwise.

Originally posted by normbenign
Convince me otherwise.

Convince you, he's already called you seriously deluded, how much more convincing do you need?

Originally posted by normbenign
Convince me otherwise.

He's right. Mergers are quite often followed by job losses. Inevitably jobs between the two companies become redundant.

Where did you get your +5000 number?