Friday, June 6th, 2014

A Glass Half-Full of Billions of Dollars

The massive consolidation of telecom companies into a handful of mega-companies is maybe probably a bad thing? I mean, I guess. But things can only get better, because they actually cannot get any worse, since there is basically nothing left for them to glomerate, for now:

Telecommunications bankers are running out of deals to pitch. Over the past three years, a rush of multibillion-dollar acquisitions has reshaped the United States wireless market. Now, with Sprint and T-Mobile zeroing in on an agreement to join forces, one of the last big deals for the industry may be nearing an announcement.

8 Comments / Post A Comment

stuffisthings (#1,352)

The next stage is when they start buying up regional water and sewer utilities so they can begin offering so-called "One Pipe To Home" (1P2H) service.

abd5a171a8000000 (#250,668)

Coke acquires Pepsi. Walmart buys Target. Newscorp merges with Turner. YaGoogle. McDonald's + Yum! + whatever and cetera.

Didn't we at some point have some sort of laws related to this?

Ralph Haygood (#13,154)

@abd5a171a8000000: Laws, schmaws. Those pesky antitrust laws are nothing that can't be overcome by judicious application of money to politicians.

KarenUhOh (#19)

Don't despair. There's always bankruptcy.

Ralph Haygood (#13,154)

Oh, things could – and therefore will – be worse. Oligopoly means rarely having to say you're sorry, but monopoly means *never* having to say you're sorry. Say hello to my not-so-little not-so-friend AT&Sprint-Mobizon.

I'm like Ma Bell, I got the ill communication.

hershmire (#233,671)

Zombie Teddy Roosevelt, if you can hear me, we need you.

UncleStu (#232,509)

"But things can only get better, because they actually cannot get any worse"

My friends told me to cheer up, things could be worse. So I cheered up, and sure enough, things got worse.

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