US Antitrust Enforcement Clearly Broken As Court Rubber Stamps T-Mobile Merger

US Antitrust Enforcement Clearly Broken As Court Rubber Stamps T-Mobile Merger

4 years ago
Anonymous $-riAjkQg_1

https://www.techdirt.com/articles/20200211/07412443900/us-antitrust-enforcement-clearly-broken-as-court-rubber-stamps-t-mobile-merger.shtml

When AT&T was busy trying to gain regulatory approval of its $86 billion merger with Time Warner, economists, consumer groups, antitrust experts, and opponents of the deal warned it should be blocked because a bigger AT&T would only act anti-competitively to raise rates and hamstring competitors. AT&T and the FCC denied those claims, only to have them all come true a short while later.

Fast forward to this week and we're repeating history all over again. This morning U.S. District Judge Victor Marrero approved (pdf) T-Mobile's controversial $26 billion merger with Sprint, shutting down a multi-state AG lawsuit aimed at stopping the deal. Citing ample evidence that the reduction of four major carriers to three would dull any incentive to compete on price, a coalition of AGs tried to stop the deal after it was rubber stamped by both the FCC and FTC. But in his decision, Marrero tied himself into bizarre, esoteric knots in a bid to try and justify approval of the deal: