Tuesday, 06 September 2011 23:33

Update on the AT&T-T-Mobile Merger

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ATTNow it is time for the AT&T&T-Mobile news. It seems that competitor Sprint has opted to file a lawsuit in opposition to the proposed merger of AT&T and T-Mobile. This really should surprise no one as Sprint has never agreed with the deal in the first place. The suit filed by Sprint covers the same ground that the one filed by the DOJ does. You know the drill; it is bad for consumers, removed choice from the market and creates a douopoly (which sounds like a fun board game). Of course AT&T was quick to issue a statement saying that Sprint is only looking out for themselves (No kidding, really?) and that they are no concerned with consumers and how much they will benefit from this merger (of course they never really detail those benefits).  Pretty much Sprint said AT&T was a big bully and AT&T said “Nuh-Uh!” it really is like watching kids argue on the playground.

Other reports suggest that AT&T might not be worried because if the revisions cost them more than 20% of the original deal, then they might get some money off the price tag for T-Mobile. It things hit 40% of the original sticker price then AT&T can walk owning only 3 Billion to T-Mobile for their troubles. So really AT&T is not going to be worried they are in something of a win-win. Sure the merger is their goal (and they will lobby for it), but they still have lots of options. I really wonder what the outcome of this all will be, but I do hope that someone up there in Washington has some common sense and can see just how bad for consumers a deal like this could be.

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Read 1936 times Last modified on Tuesday, 06 September 2011 23:37

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