Senator calls for antitrust scrutiny of telecom mergers. WASHINGTON - A U.S. senator influential on telecommunications issues said Tuesday he's "troubled" about recent announcements of multibillion-dollar telecommunications mergers, saying he will press the U.S. Congress and federal agencies to thoroughly examine the deals' potential impact on customers.
Is anyone old enough to remember the old telephone company called Ma Bell? That was the monopoly that controlled the telephone system that everyone in the United States used to talk to their friends and loved ones. In the mid-1980s a radical judge determined that AT&T was a monopoly that needed to be broken up. The result was a fractured group of companies that wanted to offer you phone service. Fast forward 20-odd years and you have the remains of AT&T being purchased by Cingular/SBC, MCI/WorldComm being bought by Verizon and Nextel and Sprint merging, creating three MAJOR monopolistic phone companies.
Judge Green, paging Judge Green.
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