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Verizon Chief Defends AT&T-T-Mobile Merger

Posted by timothy on from the there-is-some-very-faint-praise-in-there dept.

The proposed merger of AT&T with T-Mobile doesn't impress everyone as a good idea; in particular, Sprint has filed suit to stop the merger, and while hardly a disinterested party, they're not alone in claiming that the resulting megacompany would harm customers. Verizon is taking a different tack; tekgoblin passes along this excerpt: "Verizon Communications chief executive Lowell McAdam has announced that he is supporting the AT&T T-Mobile merger. He warned that the Government has no choice but to let the deal go though unless they want to fix the current spectrum problems. He went on to say 'We need to be very thoughtful on what the impacts would be to the overall industry if this is a way to regulate the industry without actually passing regulation.' The current telcos need more wireless spectrum to continue expanding and operating efficiently so they have resorted to acquiring other companies."

6 of 128 comments (clear)

  1. Translation by GameboyRMH · · Score: 5, Insightful

    We're ready for less competition! Bring it on!

    --
    "When information is power, privacy is freedom" - Jah-Wren Ryel
    1. Re:Translation by AngryDeuce · · Score: 4, Insightful

      It surprises me that these corporations don't just say stuff like that at this point. They own our government, and the vast majority of people don't even give a shit. Why be coy? There are no repercussions anyway.

    2. Re:Translation by Captain+Spam · · Score: 5, Interesting

      Alternate translation: "We're planning on buying out Sprint in a few months, so we hope this doesn't cause any problems for us then."

      --
      Demanding constant attention will only lead to attention.
  2. Lowell should read the news more often by MetalliQaZ · · Score: 4, Insightful

    Looks like he hasn't been keeping up with the latest reports; indicating that AT&T is secretly trying to SELL spectrum to smaller operators in order to get support for the merger. Sounds like they have plenty already. (this was discussed on /.)

    --
    "Here Lies Philip J. Fry, named for his uncle, to carry on his spirit"
  3. This makes perfect sense by dkleinsc · · Score: 4, Insightful

    It would give Verizon the go-ahead to gobble up Sprint in, say, a hostile takeover, leaving only AT&T and Verizon on the playing field. A 2-company oligopoly can price gouge more easily than a 4-company oligopoly.

    --
    I am officially gone from /. Long live http://www.soylentnews.com/
  4. Re:Proof they need more regulations by Xacid · · Score: 4, Insightful

    Never trust industries to regulate themselves when it comes to anything.

    FTFY