Why the proposed merger between AT&T and T-Mobile is a bad idea.
By Annie Lowrey
On Sunday, AT&T announced its intention to purchase the U.S. arm of T-Mobile from Deutsche Telekom for $39 billion in cash and stock. In a statement, AT&T touted the synergies and billions in annual savings the merger promises, arguing that the acquisition will make wireless-spectrum use more efficient. But the company also put forward a vision of a market filled with sharp-elbowed participants and suffused with vigorous, cost-cutting competition. "Wireless competition will continue to flourish," AT&T said, arguing that the "transaction is in the public interest." Nothing to see here, regulators!...[continued]
