The Hill News

The bottom line of AT&T's proposed $39 billion takeover of competitor wireless company T-Mobile is pretty simple. AT&T wins. Everyone else loses, particularly those who will lose their jobs as a result. Mergers are job killers, and this one will be no different.

AT&T, of course, won't tell you that. They will crow about “efficiencies” and helping to fulfill the Obama Administration's broadband goals and, not incidentally, about all the extra revenue per user that the new combined company will rake in over the next few years. These are the kinds of arguments that proponents of mergers usually make.

This deal is different.

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