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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:31 AM
Original message
US Files to Block T-Mobile Merger of AT&T
Edited on Wed Aug-31-11 10:39 AM by still_one
Source: Bloomberg news

US Files To Block T-Mobile Takeover by AT&T

US Files anti-Trust Compalint



Read more: http://www.bloomberg.com/news/2011-08-31/u-s-files-anti...
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Sherman A1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:44 AM
Response to Original message
1. Yes!
I hope that this merger is blocked and goes away!
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Harmony Blue Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:52 AM
Response to Reply #1
4. Agreed!
I know many T mobile users who would be fed up if they were back with AT&T.

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Sherman A1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:10 AM
Response to Reply #4
9. That would include this one...
I left AT&T for a reason and I would prefer not to rejoin them.
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virgdem Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 01:38 PM
Response to Reply #4
29. Another T-Mobile user here...
I've never been with AT&T, but I've had T-Mobile for 6 years and I'm very happy with them. If this merger takes place, I will find another company rather than stay with AT&T.
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lark Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 07:24 PM
Response to Reply #4
41. I worked for AT&T for 10 years
That scumbag co. gets nothing else from me. We're checking out other plans now because if T-Mobile joins with AT&T, we are not going to be one of their customers.
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cstanleytech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:38 AM
Response to Reply #1
13. 100% agree with you,.
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iamthebandfanman Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:48 AM
Response to Original message
2. yay!
all these huge communications companys need to be broken up again!

theres no longer competition between phone companys nor cable against cable...
these days its the TV industry against the Telephone industry for streaming media...

its time to break up ATT again! why were they even allowed to buy up all the small bells again? why wasnt this a part of the original break up deal that they would never be able to do it again?
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bigworld Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:50 AM
Response to Original message
3. Good.
I love my T-Mobile service and would hate to have to be under AT&T's thumb again.
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HopeHoops Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:57 AM
Response to Original message
5. Excellent! All that would mean is higher rates and worse service.
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:34 PM
Response to Reply #5
25. And more laid off workers.
Cost cutting, y'know.
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Blue_Tires Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:01 AM
Response to Original message
6. Holy damn we actually blocked a merger?
the lobbyists must not be putting money in the proper palms...
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SnakeEyes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:24 AM
Response to Reply #6
11. No
they just filed to block.
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:54 AM
Response to Reply #11
20. yes, and both JP Morgan and AT&T said they will fight it /nt
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 02:24 PM
Response to Reply #6
33. Not yet.
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leftyohiolib Donating Member (413 posts) Send PM | Profile | Ignore Wed Aug-31-11 11:03 AM
Response to Original message
7. wow i thought this was a done deal-surprise
i know that at&t bashng is popular here but that company is a union shop and pays a good living wage, a rarity in this times. the cwa has alot to do with that but wages are an agreement.
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sce56 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:51 AM
Response to Reply #7
18. Yeah they are now but my company went through a merger last year they cut
450 jobs that is the reason they do it to consolidate and make a higher profit. So how many jobs would be lost if the merger went through?
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leftyohiolib Donating Member (413 posts) Send PM | Profile | Ignore Wed Aug-31-11 02:20 PM
Response to Reply #18
31. well i dont work in the wireless division but i imagine there will be layoffs
nor do i own a cell phone. everyone conmplains about being ripped-off then they still go out and buy a cell phone. cell phones have one of the highest profit margins around esp data plans. people complain about corporate greed and companies ripping off their customers but they quickly bend over for a cell phone plan. over paying for the right to brain cancer but to each his own. btw we've had a lot of layoffs also lost alot of friends in installation/repair.
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:06 AM
Response to Original message
8. Some additional facts from Bloomberg, AT&T is one of the companies that has the largest lobbyists in
Washington

AT&T was also saying earlier that if the deal went through they would bring back 5000 on off shored jobs

My question is why do they need to wait for the "deal" to go through


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SnakeEyes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:26 AM
Response to Reply #8
12. Because the jobs
would be related to the acquired T-Mobile side of the company.
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cstanleytech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:41 AM
Response to Reply #12
16. Which as i said in another post read as blackmail and imo was stupid for them to do.
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SnakeEyes Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 05:31 PM
Response to Reply #16
39. That's not blackmail
if the jobs are on the T-Mobile side they have no control over bringing those jobs back to the States until they actual have control of T-Mobile's business.
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cstanleytech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:39 AM
Response to Reply #8
14. Ya I read it as blackmail
sort of like "approve the merger or else!!!".
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elleng Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:11 AM
Response to Original message
10. 'Bout time the anti-trust division did SOMETHING!
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SoapBox Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:40 AM
Response to Original message
15. Good.
...this mega-giant-monopoly corporation thing is out of control.
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dmosh42 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:47 AM
Response to Original message
17. I'm assuming it's DOJ? Did anyone tell Holder? He only does potsmokers!
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still_one Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 11:53 AM
Response to Original message
19. Both AT&T and the investment bankers are saying they are going to fight it /nt
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avaistheone1 Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:09 PM
Response to Original message
21. YES! YES! YES!
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Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:11 PM
Response to Original message
22. Too little, too late. They should have blocked the SBC and Bell South merger
In 2004 and pretty much every single on since then.
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cosmicone Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 04:41 PM
Response to Reply #22
36. and the Cingular Wireless and AT&T merger as well n/t
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FedUp_Queer Donating Member (679 posts) Send PM | Profile | Ignore Wed Aug-31-11 12:33 PM
Response to Original message
23. Good News Finally Out of the Justice Department
Source: Huffington Post

By JOELLE TESSLER and PETE YOST, Associated Press

WASHINGTON -- The Justice Department filed suit Wednesday to block AT&T's $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers.

The government contends that the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and thus lead to price increases.

At a news conference, Deputy Attorney General James Cole said the combination would result in "tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services."

The lawsuit seeks to ensure that everyone can continue to receive the benefits of competition, said Cole.

Read more: http://www.huffingtonpost.com/2011/08/31/att-tmobile-me...



About damn time someone stood up for real competition. I'm hard on Obama, but he's dead on here (yes, I know it's not technically him doing this).
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goforit Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:33 PM
Response to Reply #23
24. Wow! One block out of a million buyouts is moving up for DJ
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louis-t Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 12:40 PM
Response to Original message
26. Here's a link to a Reuters story with a right-wing slant.
http://news.yahoo.com/u-files-block-t-purchase-t-mobile...

Twice in this article it says "takeover by the Obama administration". What is that all about? Are they throwing red meat to the teabaggers?
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JDPriestly Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 01:05 PM
Response to Original message
27. Hurrah!
Edited on Wed Aug-31-11 01:06 PM by JDPriestly
We use Credo and are happy with it.
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Left Coast2020 Donating Member (597 posts) Send PM | Profile | Ignore Wed Aug-31-11 02:09 PM
Response to Reply #27
30. Before I left for China 2 years ago, I used Credo too.
And loved it as well. But now stuck with T-Mobile in semi-homeless state with no other form of communication. I dispise mergers. They hurt those of us at bottom of ladder. And ATT could give a rats (fill in blank) about those at bottom of ladder.
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Dont call me Shirley Donating Member (396 posts) Send PM | Profile | Ignore Wed Aug-31-11 01:38 PM
Response to Original message
28. OMG, finally the Sherman Anti-Trust is being dusted off..
after 30 years of being shelved. Don't doubt that verizon is behind this; they wouldn't want to give up their lead without a hellatious fight.
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leftyohiolib Donating Member (413 posts) Send PM | Profile | Ignore Wed Aug-31-11 02:22 PM
Response to Original message
32. att's statement
DALLAS, August 31, 2011 - We are surprised and disappointed by today's action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this action was being contemplated.

We plan to ask for an expedited hearing so the enormous benefits of this merger can be fully reviewed. The DOJ has the burden of proving alleged anti-competitive effects and we intend to vigorously contest this matter in court.

At the end of the day, we believe facts will guide any final decision and the facts are clear. This merger will:


Help solve our nation's spectrum exhaust situation and improve wireless service for millions;
Allow AT&T to expand 4G LTE mobile broadband to another 55 million Americans, or 97% of the population;
Result in billions of additional investment and tens of thousands of jobs, at a time when our nation needs them most.

We remain confident that this merger is in the best interest of consumers and our country, and the facts will prevail in court.
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FarCenter Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 02:58 PM
Response to Reply #32
35. CWA: The decision by the U.S. DoJ to seek to block the merger of AT&T and T-Mobile is simply wrong
Edited on Wed Aug-31-11 03:00 PM by FarCenter
Washington, D.C. The decision by the U.S. Department of Justice to seek to block the merger of AT&T and T-Mobile USA is simply wrong.

In today's sinking economy, where millions of Americans are looking for work, the DOJ has filed suit to block a merger that will create as many as 96,000 quality jobs. In the U.S., where too many Americans, especially in rural areas, don't have access to the tools of Internet technology, the DOJ is looking to block a plan to build out high speed wireless access to 97 percent of the country.

In a nation where workers' rights are routinely violated, as occurs everyday at T-Mobile, the DOJ apparently believes that workers should be on their own instead of having a fair choice about union representation.

The DOJ's action would put good jobs and workers' rights at the bottom of the government's priorities. Just yesterday, AT&T announced that it would return a net 5,000 jobs to the U.S. on completion of the merger. That is the kind of corporate responsibility that more employers in the U.S. should demonstrate if we are ever to have an economic recovery.

http://www.cwa-union.org/news/entry/cwa_doj_lawsuit_to_...
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Sen. Walter Sobchak Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 05:00 PM
Response to Reply #35
37. Those guys are on meth if they think this will create 96,000 or even 1 net new job
They should be having a fucking conniption given they represent AT&T employees about to be masacred.
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No Elephants Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 02:33 PM
Response to Original message
34. Don't count chickens before they hatch.
The D of J went after ATT years ago, ordering a break up.

ATT and the D of J ended up settling the case. ATT came out of the deal more profitable. It got rid of the unprofitable operating companies, with all the installations and pesky consumers, and it kept the {then} much more profitable long distance service.

A relative of mine worked for ATT's legal department and spent two years working on the break up. (Yes, sorry. My relative worked for ATT.)

He told me that, when the court asked the D of J's lawyer for the terms of the settlement, the D of J's lawyer was so disgusted he wouldn't even summarize the terms. Instead, he told the judge he was going to let ATT's lawyer give them to the court.

My relative actually smirked when he said that. (In all other ways, a very good person, honest!)
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sudopod Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 05:19 PM
Response to Original message
38. ! nt
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JustABozoOnThisBus Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 05:53 PM
Response to Original message
40. Too bad Judge Green isn't alive to hear this case
It would be great to preside over the breakup of AT&T. Twice.

:hi:
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cstanleytech Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 10:22 PM
Response to Reply #40
43. except this isnt a case of breaking them up (sadly) but is just about their trying to buy t-mobile.
Hopefully the court (including scotus if it gets that far) will agree that the merger would be as bad as people like myself believe it would be.
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muntrv Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Aug-31-11 08:20 PM
Response to Original message
42. I'm a T-Mobile customer. If this merger goes through, I might switch
to Credo.
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