Higher Rates Ahead If AT&T Gets T-Mobile USA
BOSTON (CBS) – There will be less competition and possibly higher rates ahead if the proposed $39 billion merger of AT&T and T-Mobile goes through.
The merger would create the largest cell phone company in the country, but the combination must be approved by the government.
AT&T says if the deal if finalized, T-Mobile subscribers with 3G phones would have to replace them over the next several years.
David Butler at Consumers Union says it’s hard to see what is positive about this deal: