Mergers and Acquisitions and basketball.
Tumultuous indeed, Keith. The friendly NCAA pool we have going on here at the Q is essentially down to a three man race, and it all hinges on what happens Thursday through Sunday in the West Regional Semis and Finals. For the first time in my life, I’m rooting for Duke to bring me that glory associated with winning the office pool. As long as they lose to UNC in the Final Four matchup. There are a lot of possibilities. But I digress.
Big news for the future of the iPhone world this weekend. According to the New York Times, AT&T is poised to purchase Deutsche Telekom-owned T-Mobile for a staggering $39 billion. Billion. With a B. With the merger, AT&T would officially pass Verizon again as the largest mobile network in the nation, and be one of only three major carriers along with Sprint Nextel. Despite AT&T’s insistence that prices can remain low amidst industry consolidation, vocal consumers so far are skeptical about the future affordability of mobile contracts with less competition. Personally I’m a big fan of T-Mobile’s customer service experience, and they, along with Sprint, have done well to create cheaper alternatives to the two big providers. So we’ll see if the Justice Department and FCC approve the transaction, or if consumer voices will be heard.
Have a great week, everyone.
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