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Why, Exactly, Do We Still Trust Telecom Megamerger 'Synergy' Promises?

https://www.techdirt.com/articles/20190312/08304641777/why-exactly-do-we-still-trust-telecom-megamerger-synergy-promises.shtml
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Mar 14, 2019 9:32 AM 1+ mon ago

Why, Exactly, Do We Still Trust Telecom Megamerger Synergy Promises?

America has a very Charlie Brown and Lucy football approach to its relationship with megamergers, especially in telecom. Time after time, major tech and telecom companies promise consumers and employees the earth, sea, and sky if they're allowed to become bigger and more powerful. And time after time these promised "synergies," jobs, and expanded investment promises wind up being empty. In merger after merger (especially in telecom), it's been made repeatedly clear these megadeals only really benefit investors and executives. For everybody else, they're an expensive shitshow.

The primary culprit continues to be the country's waning interest in meaningful antitrust enforcement, Luddite Judges, and the steady lobbyist erosion of antitrust itself. That was proven loudly when the DOJ recently tried to prove the obvious when it challenged AT&T's $86 billion acquisition of Time Warner. The government repeatedly provided economic models ...

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