Big fish swallows smaller fish whole

The New York Times conveys the competition destroying news:

AT&T announced on Sunday that it had agreed to buy T-Mobile USA from Deutsche Telekom for $39 billion — a deal that would create the largest cellular carrier in the country.

The merger — one of the largest since the onset of the financial crisis — would combine the second and fourth largest cellular carriers in the nation, bringing together AT&T’s 95.5 million wireless subscribers with T-Mobile’s 33.7 million customers.

The transaction, which requires approval from regulators, is expected to be heavily scrutinized in Washington. The deal would leave only three major cellular carriers in the nation: AT&T, Verizon and a much smaller Sprint, which may now be forced to find a merger partner.

 

A John Shrffius Political Cartoon