22 March 2011

AT&T plays monopoly

I'm not referring to the board game.

AT&T announced over the weekend that it plans to purchase rival T-Mobile for $39 billion. Assuming it receives regulatory approval to do so, it would become the largest mobile phone network in the U.S.

As a result, customers will likely no longer be able to opt for T-Mobile's relatively inexpensive service plans.

As the big mega-corporations continue to buy up the competition, the consumer almost always loses.

Fewer choices, higher prices.

And the CEOs keep laughing all the way to the bank.

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