AT&T Chief Executive, Randall Stephenson, is thinking to buy the fourth-largest wireless carrier of the country from its parent Deutsche Telekom, T mobile USA.
Under $39 billion bid, AT&T offers to increase its fourth generation or 4G, wireless network coverage to 95% of the US population in contrast to the current 80%. This deal will also aid the union membership in the Democrat- friendly Communication Workers of the America.
AT&T chose not to spotlight on the fact that deal will concentrate on just two companies customers which is Verizon wireless, and they themselves. AT&T also stressed that they are making this deal to get hold of the spectrum, which is high demand as technology becomes more mobile.
On the other hand, Susan Crawford, who teaches at Benjamin N. Cardozo School of Law at Yeshiva University, waved away the AT&T argument. Jeff Eisenach, who teaches at George Mason University School, was the only person who agrees with the AT&T deal.
"You see prices are declining really rapidly. I have not noticed Verizon and AT&T acting like cozy monopolists lately," he said. He said that the wireless market is extremely competitive.
AT&T wants the Justice Department for its antitrust review, which is an argument.
AT&T did not argue that the deal will offer lower prices but they said that the cell phone market was competitive.












