AT&T Swallows Competition – Haven’t We Seen this Movie Before?

This all seems eerily familiar.  AT&T uses JP Morgan’s money to buy-out up-start competitors.  The firm argues to antitrust authorities that its monopolist tendencies will provide the benefit of expanding connectedness to more Americans.  Thus, the argument went, elimination of competition was really for the public’s benefit. Whether these events recall the creation of the…

-

AT&T Swallows Competition – Haven’t We Seen this Movie Before?

This all seems eerily familiar.  AT&T uses JP Morgan’s money to buy-out up-start competitors.  The firm argues to antitrust authorities that its monopolist tendencies will provide the benefit of expanding connectedness to more Americans.  Thus, the argument went, elimination of competition was really for the public’s benefit. Whether these events recall the creation of the…

-