See this analysis [1]regarding an AT&T memo that shoots down AT&T publicly stated reasons for the merger it proposes with T-Mobile.
Free Press has distributed a mass emailing that summarizes the true reasons for the proposed merger:
AT&T’s plan to take over T-Mobile is about gouging consumers, destroying a competitor and firing an estimated 20,000 American workers.
More here from Free Press, as reported by Planet Unfiltered [2]:
“We now know the truth: AT&T is willing to pay a $39 billion premium for one reason and one reason only — to kill off the competition,” Free Press CEO [Craig Aaron] said in a statement. “It would cost AT&T one-tenth of the merger’s cost to expand its network than to buy up T-Mobile. Yet AT&T is willing to pay a 900-percent markup to take out a lower-priced competitor and make sure it can lock in and gouge consumers in the future. The only thing stopping AT&T from expanding its network is greed. One plus one does not equal three, but subtracting one competitor adds up to billions in profits for AT&T and thousands of Americans out of work.”
Print this post [3]
[4]