The Associated Press is reporting that the DOJ will block the AT&T merger with T-Mobile on anti-trust grounds. Strange, since they don’t care about other monopolies such as Google, Microsoft, the big banks, and so on. The DOJ doesn’t care about Black Panthers with billy clubs either. There is more to this than meets the eye.
I have a serious question about whether a U.S. International company buying a German company can possibly be a monopoly. Most companies are doing exactly this. Why AT&T? Blocking this merger will further limit business in this country. It will prevent T-Mobile from gaining access to the iPhone and it kills T-Mobile in this country. Eliminating T-Mobile forces a monopoly in reality.
A merger could increase costs or could lower them, it could raise prices or lower them…
Sen. Herb Kohl, moderate Democrat, Chair of the Senate Subcommittee on Antitrust, Competition Policy, and Consumer Rights, released a letter urging the FCC and Justice Department to step in before the two phone companies get hitched, the Wall Street Journal reports. The merger, he warned, “would likely cause substantial harm to competition and consumers, would be contrary to antitrust laws and not in the public interest.” The Senate cannot act but the DOJ can.
If the merger takes place, they will be a powerful force against Verizon. A monopoly, if that is what this is, generally causes a rise in prices and more corruption. I’m a big fan of Theodore Roosevelt and his leadership on anti-trust. Read leaked AT&T letter: Bad press for AT&T merger.
This merger will give more power to union leaders. The AFL-CIO supports this merger. The merger takes a non-union entity, T-Mobile, and merges it with unionized AT&T. Also supportive are the Gay & Lesbian Alliance, GLAAD, the NAACP, the NEA, and so on. Some say AT&T donations to these groups bought their support. I have no way of knowing their motives and they say it’s not so.