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AT&T defends T-Mobile deal to U.S. Senate

Discussion in 'Wireless News' started by charlyee, May 11, 2011.

  1. charlyee

    charlyee Ultimate Insanity
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    MAY 11, 2011 10:34 AM PDT
    AT&T defends T-Mobile deal to U.S. Senate
    by Declan McCullagh



    AT&T defended its proposed acquisition of T-Mobile USA before a U.S. Senate committee this morning, saying the combined company will deliver high-speed wireless services to 97 percent of Americans and provide consumer benefits such as fewer dropped calls.

    "The combination of AT&T and T-Mobile could not possibly derail the powerful forces of competition in one of the nation's most competitive industries," AT&T chairman and CEO Randall Stephenson said. It will result in additional network capacity beyond what the two companies had separately, he said, because of more efficient use of spectrum.

    AT&T announced in March that it planned to buy the smaller company from Deutsche Telekom for $39 billion, a combination that would make the new company the dominant wireless player in the county at more than 129 million subscribers, compared with Verizon Wireless' roughly 102 million. (See list of related CNET articles.)

    The Federal Communications Commission and the Justice Department are reviewing the merger on competition and market concentration grounds.
    .
    During today's Senate Judiciary hearing, politicians on the antitrust subcommittee questioned whether the combined company would be too large.


    Read more: AT&T defends T-Mobile deal to U.S. Senate | Wireless - CNET News
     
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    #1 charlyee, May 11, 2011
  2. M in LA

    M in LA Mobile 28 Years Plus
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    I can just imagine listening to the AT&T heavies, in front of the Senate, waxing poetically about how this merger will be all "sunshine & kisses". Of course there will be benefits to it, but it's the aftermath it will cause that I'm concerned about.

    A year from now (assuming the world doesn't end on the 21st...:p), it will be Verizon in front of this same Senate waxing poetically about how wonderful synergies with Sprint will be. Within two years from now, it will be either AT&T or Verizon gobbling the other up, in front of the Senate oozing with tons of facts how we are SO much better off with one behemoth carrier. Just wait...

    Three years from now, either Google or Apple will take over said behemoth and they will spread the love to the Senate on how wonderful life will be when they run their new mobility monopoly...

    It could happen! It may seem far-fetched now, but no one saw this AT&T/T-Mobile thing coming.

    All this "love" is making me nauseous...:googlyeye
     
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    #2 M in LA, May 12, 2011
    3 people like this.
  3. Shizam76

    Shizam76 Shizam! Babyyyyy!
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    Oh but wait. Verizon stated it won't ever need Sprint for anything. ;)
     
    #3 Shizam76, May 12, 2011
  4. bobolito

    bobolito Diamond Senior Member
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    "A year from now (assuming the world doesn't end on the 21st...), "

    LOL, you've seen those stupid billboards too?
     
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    #4 bobolito, May 13, 2011
  5. dmapr

    dmapr Silver Senior Member
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    Haven't seen any billboards on the subject, but I've seen some stupid movies. In retrospect, watching billboards would've saved me some time.
     
    #5 dmapr, May 13, 2011
  6. AccessoryGeeks

    AccessoryGeeks New Member

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    That's harsh, but true. haha
     
    #6 AccessoryGeeks, May 18, 2011
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