公司财务精品教学（徐江旻）Session9 att tmobile merger.pdfVIP

Back to previous page ATT, T-Mobile merger Sign In Register Now Subscribe Mobile POLITICS OPINIONS LOCAL blasted By Ian Shapira and Jia Lynn Yang, Monday, March 21, 9:23 PM A day after ATT announced it would buy T-Mobile USA In the News Goldstone Report to create the biggest wireless carrier in the country, consumer advocates and some members of Congress blasted the deal, arguing the $39 billion merger would lead to higher prices and fewer choices for cellphone users. The deal comes at a time when the cellular business has become dominated by two giants — ATT and Verizon — with Sprint Nextel and T-Mobile lagging far behind. The merger, which has to be approved by regulators, is the latest salvo by ATT to compete for customers who are increasingly using wireless networks not just to make calls but also to surf the Web on tablets and smartphones. ATT argued that the merger — the largest worldwide in two years — would increase its coverage to 95 percent of the U.S. population, especially into rural areas, satisfying a key technology goal of the Obama administration. Anticipating regulators’ concerns, ATT also maintained that the U.S. wireless industry remains “fiercely competitive,” especially in local markets where low-cost regional carriers are becoming popular. ATT needs the approval of the Justice Department and Federal Communications Commission to buy T- Mobile, which is the smallest of the major cellular companies and has carved out a niche by offering cheaper plans. Whether or not regulators approve the merger, Wall Street took the news as a sign of the economy’s strength. On Monday, the Dow Jones Industrial Average rose 1.5 percent. But public interest organizations expressed alarm yesterday about the transaction. Many argued that the deal will effectively render Verizon and ATT