New AT&T Acquires BellSouth
spune writes "Only months after SBC's acquisition of AT&T last November, the newly rechristened telecom has announced that it plans to buy fellow Baby Bell BellSouth Inc, of Atlanta, Georgia for $67 billion. This action by AT&T will consolidate more than half of the original Bell System into a single entity, leaving only Verizon and Qwest as remaining Bell family competitors. Analysts predict this deal will be approved by the FCC with only minor restrictions on the new company, which will serve residences and businesses from California to Florida."
War!
The Republic, with the help of its Jedi soothsayers, foresaw trouble ahead, leaving Ma Bell in one piece and to her own devices. Ma Bell fought back with all her might, but was torn to pieces by the deadly lightsabers of the Republic.
Several decades later, inefficiencies in having separate phone systems have led to the collaboration of those separated parts. Their merger begins anew their gradual domination of the Republic's phone systems. This time, the Republic isn't so concerned.
I for one welcome our "Old Is New Again" phone overlords.
When do I sign up for actually renting my telephone again?
*sigh*
Chas - The one, the only.
THANK GOD!!!
T-1000
Shit.
I find your lack of faith... disturbing.
In the USA, we like stuff watered down, like beer, television, and freedom.
> The New AT&T could probably buy Lucent for a medium sized bag of P-type ringers.
And by lining his grave with magnets, they can use the power of a furiously-spinning Judge Greene to charge their backup batteries.
I hesitate to think what's going to happen to the big telecom infrastructure vendors. When their customers merge, can it be far behind for Alcatel, Cisco, Ericsson, Lucent, Marconi, Motorola, Nokia, Nortel, or Siemens?
Insert simplistic political, ideological, or personal proselytization here.
Hey, what about online petitions? Those work great.
Funny, the original death star (see the AT&T logo) was destroyed nearly 22 years ago. Now, a new one is being built, right in front of our faces.
They're what our Boy Scoutses sleepses in.
A marriage is always made up of two people who are prepared to swear that only the other one snores.
It is in fact de-regulation and intense competition that make this move necessary.
I find this pretty implausible. If they were actually facing real competition, wouldn't they suck slightly less?