“Cell phone owners rejoice! Last week, the Department of Justice announced it would sue to block AT&T’s proposed $39 billion merger with T-Mobile,” John R. Quain writes for FoxNews.com. “And that is a very good thing—for consumers, for other carriers, for T-Mobile, and even for AT&T.”
“Granted, T-Mobile and AT&T, the number four and number two mobile carries in the U.S., have both made official statements saying they would fight the move in court,” Quain writes. “They’ll have a tough time convincing anyone that this is a good deal.”
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Quain writes, “The Justice Department said the merger would decrease competitiveness, hurt consumers, and result in fewer innovative products. An examination of the marketplace would seem to show that the government has a slam dunk case.””
Read more in the full article here.
[Thanks to MacDailyNews Reader “Jack F.” for the heads up.]