ATT acquiring Verizon

Discussion in 'Economy' started by Wiseacre, Aug 31, 2011.

  1. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    The DOJ is holding up the deal with an anti-trust lawsuit, these are the #2 and #4 companies in their industry. Whle I am pro business, I find myself siding with Eric Holder and DOJ on this one, God save me. I like the idea of promoting competition, having more companies fighting it out for market share kinda works for me. So am I totally losing it here?
     
  2. Baruch Menachem
    Offline

    Baruch Menachem '

    Joined:
    Sep 12, 2008
    Messages:
    14,204
    Thanks Received:
    3,235
    Trophy Points:
    185
    Ratings:
    +3,305
    No way that merger can pass anti trust scrutiny.
     
  3. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Yeah you totally lost it, ATT is wanting to aquire T MObile.
     
  4. tonystewart1
    Offline

    tonystewart1 VIP Member

    Joined:
    May 26, 2011
    Messages:
    914
    Thanks Received:
    142
    Trophy Points:
    78
    Location:
    McDowell County, WV
    Ratings:
    +155
    Good I thought someone knew something I had not heard yet.

    Att has already let documents leak that damage their chances of getting this merger to work.

    Leaked AT&T Letter Demolishes Case For T-Mobile Merger - Lawyer Accidentally Decimates AT&T's #1 Talking Point | DSLReports.com, ISP Information

    ATT let the cat out of the bag that all they want to do is keep those Tmobile towers and customers out of Sprint's hands.
     
  5. uscitizen
    Offline

    uscitizen Senior Member

    Joined:
    May 6, 2007
    Messages:
    45,941
    Thanks Received:
    4,791
    Trophy Points:
    48
    Location:
    My Shack
    Ratings:
    +4,807
    Yep less coverage for current T Mobile customers with the merger.

    ATT claims the merger will create thousands of jobs.
    Yeah right, if so it will be the first major merger that ever has.
     
  6. tonystewart1
    Offline

    tonystewart1 VIP Member

    Joined:
    May 26, 2011
    Messages:
    914
    Thanks Received:
    142
    Trophy Points:
    78
    Location:
    McDowell County, WV
    Ratings:
    +155
    The merger is just a money and power grab.

    I like the part about ATT saying that the merger would give more wireless to rural areas. I laugh so hard when I read that.
     
  7. Wiseacre
    Offline

    Wiseacre Retired USAF Chief Supporting Member

    Joined:
    Apr 8, 2011
    Messages:
    6,025
    Thanks Received:
    1,192
    Trophy Points:
    48
    Location:
    San Antonio, TX
    Ratings:
    +1,194
    Oops, I dropped it on that one. Verizon, T-Mobile, whatever, I just know it was one of those high tecky companies. Sorry guys, got the name wrong but the question remains the same: big companies merging together isn't good for competition, shouldn't it be preserved in a free market economy? I know we want to remain globally competitive, but at least in this case I'm not seeing the negatives.
     
  8. tonystewart1
    Offline

    tonystewart1 VIP Member

    Joined:
    May 26, 2011
    Messages:
    914
    Thanks Received:
    142
    Trophy Points:
    78
    Location:
    McDowell County, WV
    Ratings:
    +155
    The thing to me is that there are enough customers to support all the wireless companies that we have. Instead of ATT competing against Verizon and others with price or technical inovation they want to buy the competition.

    We dont have a true free market economy.
     
  9. code1211
    Offline

    code1211 Senior Member

    Joined:
    Apr 8, 2009
    Messages:
    5,999
    Thanks Received:
    845
    Trophy Points:
    48
    Ratings:
    +845

    If #2 buys # 4, aren't #'s 1 & 3 still in the fight?

    Is Fiat buying Chrysler also a bad thing? How about Google buying the Motorola concern?

    This sounds like a big deal, but it's not the end of the world. Are we still trying to be sure that no American Company becomes dominant?
     

Share This Page