It’s Over AT&T Abandons T-Mobile Acquisition
Will it really cost AT&T $4 Billion or was that modified during negotiations? Will consumers be hurt by this move or did AT&T realize that what they had planned was ill fated to begin with and on further inspection and analysis of the changing marketplace decided, that maybe it was not such a great deal after all. The real numbers as to how many customers T-Mobile lost since the announcement a year ago has to be astronomical, as would be the number that AT&T has lost to Sprint and Verizon during this.
The salvation for AT&T is to make massive improvements in network reliability, stop spending money on advertising and show what they can do to regain consumers with great customer service and relations. This is the real opportunity for AT&T.
This is huge: AT&T just announced it’s finally abandoning its doomed merger with T-Mobile.
For nearly a year, we’ve been showing that this deal would have only meant higher prices, fewer choices and tens of thousands of lost American jobs. Free Press knew it; the Department of Justice agreed; so did the FCC.
Now even AT&T, its high-priced lobbyists and its fake grassroots front groups all must admit this deal is dead.
When AT&T first announced its bid to take over T-Mobile, pro-corporate cheerleaders told us this behemoth deal couldn’t be stopped. Many other groups and even members of Congress knew how bad the merger was but were afraid to say so. But we knew the truth and wouldn’t relent.
The result is the best holiday gift we could have asked for: the end of this disastrous deal.
We couldn’t have stopped this merger without the support of hundreds of thousands of activists like you. You should be proud.
Enjoy this victory now, because our fight continues. Next year we’ll be working to stop the carriers from spying on your phone and blocking your right to speak online. We’ll be exposing the phone companies for colluding with the cable guys to keep your prices high. And we’ll keep on pushing for real, lasting Net Neutrality protections for everyone — no matter how they get online.