With Cingular going bye-bye soon, becoming AT&T … again … Stephen Colbert puts it all into perspective for us on the Colbert Report.
Technorati Tags: The_Colbert_Report, Cingular, AT&T, merger, regulation, monopoly, bellsouth, SBC, Stephen_Colbert
The newly merged AT&T Inc. is actually a reborn of the American Telephone and Telegraph Company before its split in 1984.
The difference is that the new AT&T covers the whole US and dominates in wireless cellular phone and DSL Boardband Internet market. These businesses become much more important than traditional landline (fixed line) and long distance call business.
Do you think it’s a reborn of a monopoly?
Good question. I really don’t think anyone can become a monopoly these days due to governmental interference.
Now, that doesn’t mean that a product or company can become a “near-monopoly” due to consumer popularity. And that’s a big difference.
I mean, look at Apple, who is criticized frequently for the iPod and iTunes relationship. They got where they were because they created a great product, sold millions, and provide the infrastructure for them for fans to get single songs cheaply.
Well, Corey, couldn’t have said it better myself. In fact, that is what I was going to post. 😉
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