The Guardian: Antitrust enforcement is back in America, perhaps in a serious way. If so, it’s long overdue.
But even though the US justice department is suing to block AT&T’s buyout of T-Mobile’s US wireless operations, competition in America’s telecommunications industry is fading…..
Still, Wednesday’s legal action, filed by the department’s antitrust division, is welcome. The George W Bush administration was easily the most lax in antitrust enforcement in recent history, and the Obama administration hadn’t been significantly more ardent to protect competition…..
…. (but) the government’s complaint in this case says what most people – apart from those who stood to gain directly – already knew: The deal would reduce competition in a marketplace that is already an oligopoly.
The deal could still happen, in one of several ways …. the act of going to court, however, suggests that either AT&T wasn’t interested in dealing or that the government simply found this buyout unacceptable on its face.
…. AT&T’s lobbying efforts on behalf of this deal, and its brazen lack of regard for reality, have been epic …. the primary motive for the buyout was to reduce competition, contrary to countless statements about how this would be great for customers…