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AT&T Responds To DoJ Lawsuit
An anonymous reader writes "Last week the Department of Justice filed an antitrust complaint to stop the merger between AT&T and T-Mobile USA. Now, AT&T has responded, arguing that the merger would benefit consumers by increasing competition and freeing up spectrum. 'That means increased output, higher quality service, fewer dropped calls,and lower prices to consumers than without the merger,' they say. Meanwhile, House Republicans have sent a letter to FCC Chairman Julius Genachowski and Attorney General Eric Holder asking for an explanation of 'what went into the decision to challenge the merger and whether the agencies considered the impact on jobs and economic growth.' A hearing is scheduled for Sept. 21."
How in the hell does acquiring a company like this result in MORE competition?
And lower rates? Just like us Cingular customers got? Yeah, right.
How can they even make such claims - that's damned near perjury.
How does it increase jobs? How does it increase economic growth? Here is a hint: all those cost reduction and merger synergies? They don't come from employing more people.
Competition > free markets
Free markets are far from perfect; monopolies are only the most obvious flaw. Additionally, it's arguable whether a market dominated by a private monopoly is actually free. Free from governmental force, sure, but that isn't the only kind of freedom that is implied by the term free market.