Top US Antitrust Official Uncertain of Need For Four Wireless Carriers (reuters.com)

Posted by msmash on Friday June 1, 2018 @08:01AM from the how-about-that dept.

An anonymous reader shares a report: The head of the U.S. Justice Department's antitrust division, Makan Delrahim, declined on Friday to support the Obama administration's firm backing of the need for four U.S. wireless carriers. Asked about T-Mobile's plan to buy Sprint for $26 billion, Delrahim declined to reiterate the view of President Barack Obama's enforcers, who had said that four wireless carriers were needed. Instead, Delrahim told reporters, "I don't think there's any magical number that I'm smart enough to glean." He also said the department would look at the companies' arguments that the proposed merger was needed for them to build the next generation of wireless, referred to as 5G, but that they had to prove their case.

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The 1980's called... by The+Fat+Bastard · 2018-06-01 08:05 · Score: 5, Insightful

Ma Bell wants her children back!
Re:Technically Correct - The Best Kind of Correct by Green+Mountain+Bot · 2018-06-01 08:38 · Score: 4, Insightful

The market has no way to stop mergers that eliminate competition. Government intervention is literally the only way to do it.