…the proposed $39 billion transaction would substantially lessen competition for mobile wireless telecommunications services across the United States, resulting in higher prices, poorer quality services, fewer choices and fewer innovative products for the millions of American consumers who rely on mobile wireless services in their everyday lives.
There’s another problem I see. It’s one that’s not looked at by the government when mergers and acquisitions are proposed. How many jobs will be lost?
No one expects the new(er) AT&T to absorb all of T-Mobile’s employees. These out-of-work casualties will provide additional savings/profit to AT&T, but at the expense of the rest of us who will now have to provide benefits and services to them.
How can employment implications not be part of what’s considered in mergers and acquisitions? How will more people out-of-work benefit our nation?