Wednesday, August 31, 2011

Breaking news in antitrust

Breaking news this morning - and good news at that!  This morning, the Department of Justice has filed suit to block AT&T from buying T-Mobile.

This same issue had been discussed earlier on this blog last month.

It is imperative that AT&T be permanently blocked from purchasing its smaller rival.  Such a merger would concentrate the national cell service market and place it in the hands of only three companies, the smallest and lowest cost of which (Sprint), could possibly be forced out of the market by two titan rivals.

More to follow...

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