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July 20, 2011

Senate antitrust chief: Block AT&T - T-Mobile pact

Herb Kohl states the obvious. Perhaps only the fact that he is not running again and would not need to seek telecom campaign contributions permits him to state the obvious. From the WP:

He said that acquisition of T-Mobile β€” a lower-cost competitor to the three biggest national carriers β€” would end up costing consumers.

β€œIt will likely tend to substantially lessen competition, lead to consumers paying high prices with fewer choices, as well as lessen the innovation that has been the keystone of this industry in the last decade,” Kohl said in his letter to Attorney General Eric Holder and FCC Chairman Julius Genachowski.

Posted by Jay Hancock at 9:29 PM | | Comments (0)

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About Jay Hancock
Jay Hancock has been a financial columnist for The Baltimore Sun since 2001. He has also been The Baltimore Sun's diplomatic correspondent in Washington and its chief economics writer. Before moving to Baltimore in 1994 he worked for The Virginian-Pilot of Norfolk and The Daily Press of Newport News.

His columns appear Tuesdays and Sundays.

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