NY AG Gives Up, Won't Appeal T-Mobile Merger Ruling

NY AG Gives Up, Won't Appeal T-Mobile Merger Ruling

4 years ago
Anonymous $-riAjkQg_1

https://www.techdirt.com/articles/20200219/10593043947/ny-ag-gives-up-wont-appeal-t-mobile-merger-ruling.shtml

You only need to look at recent telecom court rulings to recognize that both US antitrust enforcement and regulatory oversight are dangerously and comically broken, at least as it pertains to the US telecom market.

For example, the courts rubber stamped AT&T's $89 billion merger with Time Warner, ignoring an ocean of evidence showing how the deal would harm competitors and consumers alike (allegations that very quickly were proven true). Similarly, the courts just ignored the ocean of evidence showing that T-Mobile and Sprint's $26 billion merger would reduce competition in the wireless space, resulting, inevitably, in layoffs and higher prices for US consumers (who already pay some of the highest prices in the developed world for mobile data).