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Sprint Files Suit Against AT&T T-Mobile Merger
zacharye writes with a news post in BGR. From the article: "Sprint ... announced that it has filed a lawsuit with a federal court in the U.S. District of Columbia in an effort to block AT&T's planned $39 billion acquisition of T-Mobile USA from Deutsche Telekom. The suit is related to the Department of Justice's lawsuit, which was filed on August 31st. 'Sprint opposes AT&T's proposed takeover of T-Mobile,' Sprint's vice president of litigation Suzan Haller said. 'With today's legal action, we are continuing that advocacy on behalf of consumers and competition, and expect to contribute our expertise and resources in proving that the proposed transaction is illegal.'"
No, the Justice Department has blocked the merger. AT&T could take that to court. Sprint is trying to get a court ruling first. By going to court before AT&T challenges the Justice Department in court, Sprint is attempting to get the case judged from a perspective that they believe is least likely to favor the merger. Sprint would prefer to see T-Mobile go out of business to seeing it gobbled up by AT&T (or Verizon).
The truth is that all men having power ought to be mistrusted. James Madison
As a T-Mobile customer I would just like to say "Go fuck yourself."
Don't know something? Look it up. Still don't know? Then ask.
So yes becoming too big is a problem since that leads to a communist system aka the opposite of capitalist,
Communism has a very distinct meaning and it has absolutely nothing to do with a company becoming too big.
A monopolistic company is basically the most extreme result of pure capitalism - it's just that over time we've discovered that pure capitalism kinda sucks - hence why we have laws against monopolies and other such things that capitalism tends to promote. On both extremes of the scale, both capitalism and communism are terrible economic models - you have to strike a balance (the optimal balance leaning more towards capitalism, but not all the way over).
"People who think they know everything are very annoying to those of us who do."-Mark Twain
Amen. If I wanted to switch from T-mobile to AT&T, I'd do it myself.
You can't reduce the # of nationwide GSM carriers in this country from 2 to 1 and try to pretend that somehow 'improves competition'.
"There are laws that enslave men, and laws that set them free. " - Sean Connery as King Arthur