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the financial world is agog.
AT&T intends to buy T-mobile for 30 BILLION dollars.
11 years ago, duetsche telekom picked up T-mobile for 51 BILLION DOLLARS and ever since has been gagging .
telekom intends to finally spit the bit;
their stock was up 16% monday.
telekom and AT&T spokespersons are sticking to their lies.
there is some competition in the cellphone arena, but not that much.
for AT&T to spend that kind of money is not as ludicrous as it may seem, or is it?
president obama wants the whole country to be 4G.
how could his, or any president's antitrust department have a problem with this, because THEY want YOU to have the capability to enjoy what this combined company plans to bring YOU?
it's ALL about you, you see.
BULL-BLEEP
when you talk about any business where 2 companies have market shares over 30%, that is a monoply, as far as i'm concerned.
perhaps the justice department will make AT&T get rid of a kiosk or two in lucas or millersburg.
if they are allowed to do this, as they very likely will be, the whole justice department should be fired.
the odd man out would appear to be sprint.
their stock was down about 20% monday.
this has a lot to do with bandwidth.
AT&T is looking for more bandwidth.
i think they want to squeeze sprint out of the bandwidth arena, so sprint wont be able to implement their 4G service countrywide.
if sprint gets thrown a bone or if the merger gets tied up, sprint might be a good stock buy.
it seems to me that justice hasn't blocked a merger in what seems like 20 years.
why should they begin now?
personally, if the merger goes through, i would expect AT&T to lose a lot of T-mobile customers.
T-mobile does a great job with personal customer service; as you know, AT&T does not.
integration of the 2 companies might not be as easy as one would think.
justice should just let big businesses do anything they want; they do anyway.
a similar perspective from the trib:
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