AT&T/T-Mobile...marriage averted?


Jennifer Pozner, Women in Media & News joins Thom Hartmann. Wireless consumers won big yesterday as AT&T officially dropped its bid to buy T-Mobile and dominate the wireless market. Despite spending millions on advertising and lobbying - antitrust officials at the Department of Justice and the FCC blocked AT&T's purchase - saying that it would hurt consumers and lead to less competition. Had the merger gone through - then a duopoly of two companies - AT&T and Verizon - would own 80% of the national wireless market. So what does this victory for consumers mean? And might it trigger a new wave of trust-busting to even break up the transnational corporate giants that have come to dominate our markets?