Before T-Mobile acquired Sprint, activists, consumer groups, and deal critics (including me) warned repeatedly that the telecom sector megadeal would result in layoffs, less competition, higher prices, and a lower quality product overall. The Trump FCC and DOJ very clearly didn’t care; they rubber stamped the deal without even reading deal impact reports.
I wonder if the FTC didn’t fight it because they knew this would happen - because of course it would, and now Lina Khan is just getting her margins right to hit both Tmob and Verizon with antitrust.
God I fucking hope so.
And slap Comcast and Cox fucking senseless while yr at it Lina. Please…? I’ll make you dinner everyday for like a month. If you could get fiber classified as a public utility I’ll be yr personal chef for a year. Who could say no to that?
Makhno@lemmy.world 5 months ago
The merger is the only thing keeping both T-Mobile and Sprint afloat. Verizon, AT&T, etc. and congress killed price competition. Blame them, lol
NegativeInf@lemmy.world 5 months ago
Honestly, the government should assume ownership of towers and reclaim all spectrum licenses. There we go. All networks are now equal. No exclusive bands. Compete on price or perish.
cm0002@lemmy.world 5 months ago
Fr, I always remember seeing phrases along the lines of “T-Mobile, a distant third competitor” all the time and sprint was literally on the verge of bankruptcy. If you think sprint merging with T-Mobile was bad, just imagine what it would be like if they had just gone bankrupt and AT&T/Verizon swopped in and bought large chunks of them for pennies on the dollar.
Remember, AT&T was against the deal and was part of a lawsuit to block it IIRC, so on that reason alone people should have supported the deal because any move AT&T figures is good for them is probably bad for people.
kungen@feddit.nu 5 months ago
Yep, the US went from a duopoly (if that), to a triopoly.
ColeSloth@discuss.tchncs.de 5 months ago
T-mobile has been profitable every single year since 2013. Well before the merger.
macrotrends.net/…/eps-earnings-per-share-diluted#….