Its undoubtfully the case that while Bush was on nobody really spoke about big mergers. The last thing I think was Cadbury-Kraft. Now, when the dems are in office, they tend to make no use of certain developments. I cant see why. AT&T will have to pay 3 bio in fines. That is a lot. AT&T lost 5% on the stock market, German Telekom 8%. I hope its supportive for any of those companies, especially for the competition. I think the next thing that will happen is that prices rise.
My dear non-friend, Germany's minister of foreign affairs, Mr Westerwelle, is reknown for his inability in speaking English. He was lately so kind to inhabit a mini-palace near Cologne to hold a party summit to discuss why his party hoovers around at 4%. There must be people with a lot of confidence around to finance a chalais for a party at 4%. Or call it money. ( I admit its a hotel nowadays, but its still not this cheap).
Guess there is absolutely no connection.
yahoo:
Telecom expert: Government ‘will prevail’ in AT&T suit
The Justice Department's bid to block AT&T's proposed $39 billion purchase of T-Mobile USA was widely anticipated by antitrust experts, and the government is likely to succeed in thwarting the deal, a former top communications regulator tells The Lookout.
"Any objective antitrust lawyer expected this," Reed Hundt, a former chair of the Federal Communications Commission, said in a brief phone interview.
And Hundt, who chaired the FCC from 1993 until 1997, predicted a win for the government.
"The Department of Justice will prevail," he said. "The Justice Department in its entire history has never lost a telecom case of this sort."
In its lawsuit filed today, the government charged that the proposed purchase "would remove a significant competitive force from the market."
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