Posts Tagged ‘buyout

31
Aug
11

‘antitrust action, at last’

The Guardian: Antitrust enforcement is back in America, perhaps in a serious way. If so, it’s long overdue.

But even though the US justice department is suing to block AT&T’s buyout of T-Mobile’s US wireless operations, competition in America’s telecommunications industry is fading…..

Still, Wednesday’s legal action, filed by the department’s antitrust division, is welcome. The George W Bush administration was easily the most lax in antitrust enforcement in recent history, and the Obama administration hadn’t been significantly more ardent to protect competition…..

…. (but) the government’s complaint in this case says what most people – apart from those who stood to gain directly – already knew: The deal would reduce competition in a marketplace that is already an oligopoly.

The deal could still happen, in one of several ways …. the act of going to court, however, suggests that either AT&T wasn’t interested in dealing or that the government simply found this buyout unacceptable on its face.

…. AT&T’s lobbying efforts on behalf of this deal, and its brazen lack of regard for reality, have been epic …. the primary motive for the buyout was to reduce competition, contrary to countless statements about how this would be great for customers…

More here




@POTUS

@BarackObama

@WhiteHouse

@FLOTUS

@MichelleObama

@PeteSouza

Enter your email address to receive notifications of new posts by email.

@TheObamaDiary

@NerdyWonka

RSS Obama White House.gov

  • An error has occurred; the feed is probably down. Try again later.

RSS WH Tumblr

  • An error has occurred; the feed is probably down. Try again later.

RSS Steve Benen

  • Joe: Irresponsible voices on the Trump right are putting targets on backs of FBI agents
  • A story about friendship and brotherhood that developed in combat
  • Neal Katyal: 'A brilliant chess maneuver' for AG Garland
  • FBI upping security posture after attack
  • Ryan: Republicans, including JD Vance, haven't thanked law enforcement for what they've endured

Categories

Archives

Blog Stats

  • 43,267,389 hits
August 2022
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031