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."

Comments

Re:Wait a minute

[zerocool^]

It's like Terminator 2 - shattered into 1000's of pieces, but given time, they all sludge back together to form their origional self.

~W

Re:Wait a minute

[rob_squared]

Duh, the goverment is good at getting things to break apart and come together again:

http://en.wikipedia.org/wiki/Terminator_2