If you are of the ilk that the proposed merger of AT&T and T-Mobile USA if it is given approval by the powers that be, wont deliver any bad side, think again as the word is the merger would create job losses and market losses.
According to an article over on Phandroid, the chief exec of AT&T Randall Stephenson has spoken to the Wall Street Journal saying, “We anticipate there will be some markets we will have to divest.”
Although the exec couldn’t say which markets would be affected by the merger, and dismissed the notion that the merger if it goes ahead would be bad for competition… “This industry is anything but a duopoly. The industry is intensely competitive now, and will be intensely competitive after the deal.”
Another roll on effect should the acquisition of T-Mobile be given the official go ahead is that some employees will be left without a job, which apparently is a common side affect of a merger, although there’s no word on just how many employees would lose their employment.
We’d like to hear from our readers and what they feel about the proposed merger of AT&T and T-Mobile USA, do you think it is a good move or bad, will AT&T becoming bigger be bad or good for competition in your view?
States Attorney Concerns over the AT&T, T-Mobile deal video for your viewing pleasure below so feel free to check it out.
