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Solve : AT&T to buy T-Mobile USA? |
Answer» AT&T to buy T-Mobile USA for $39 billion (AP) AP - AT&T Inc. said Sunday it will buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion that would make it the largest cellphone company in the U.S.sources: AP, CNN, CBS, NY Times http://www.usatoday.com/tech/news/2011-03-20-att-deal_N.htmI can't say this is good news; it could be a negative event for consumers. From the article: "Consumer advocates, though, urged federal antitrust officials to block the deal. They warn that AT&T and Verizon could create a wireless duopoly, resulting in higher prices and fewer choices for customers." Quote List of Major Cell Phone Companies in the USJust returned from an extended stay in the U.S. and i was amused to see the tv adds still running depicting T-Mobile touting their service over A.T.&T. This takeover had been declared (but not yet APPROVED) before i ever got there.truenorthThe AT&t takeover of T-Mobile is not a done deal by any means and I think T-Mobile is operating on the assumption that the deal will be blocked on anti-trust grounds. Either that or they know they are going to lose their jobs anyway if the merger goes through.I think it should be blocked, but I can't remember the last time the FCC blocked a telecomm merger...And to think that there was a time when AT&T was deemed too big and ordered to breakup. Can we be HEADED that way again? truenorthI am not going to say "History repeats itself." Oops, I just did. The sale will go thru... Quote from: patio on April 24, 2011, 08:18:38 PM The sale will go thru... It probably will. When AT&T was broken up if you wanted a telephone in North America you almost always had to deal with an AT&T company. There were other smaller phone companies like General and Continental, and a hundred very little ma and pa companies serving small towns, but all them combined were a fraction of AT&T's size. Almost all long distance traffic was carried over AT&T long lines, even to companies like General. Now in most major markets you have a choice of at least two land line companies, generally with a cable company being the second, and all kinds of cell phone companies. The conditions that caused the AT&T break up are very different now.After I posted this I got to thinking about the statement about telephone service in North America, and I should have qualified that a bit. Mexico has always required that any telecommunications company, telephone, TV or cable be 100% Mexican owned, so AT&T never had any ownership interest in phone service in Mexico.Recent article says it is good for some rural areas in USA Quote AT&T to buy T-MobileSource...http://www.desototimes.com/articles/2011/06/17/news/doc4dfa6affcf6cd416618494.txt |
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