4 ms·
They blocked Comcast from merging with Time Warner Cable. By “they” I’m referring to AT&T and Verizon (the two biggest telecom providers in the US), who were af
by wayoutthere 5y ago
They blocked Comcast from merging with Time Warner Cable. By “they” I’m referring to AT&T and Verizon (the two biggest telecom providers in the US), who were afraid of a third telecom provider establishing a national footprint and potentially challenging them across wireless and wireline. By preventing the merger through their immense political connections, they keep both Comcast and TWC as regional players who are much easier to monopolize.
So even the antitrust that goes through usually only goes through because powerful (often monopolistic) forces want to block a merger, not because it’s what’s objectively best for competition.