"Last week AT&T (T) announced its intention to acquire _____ for $____dollars which could mark the renaissance of the consolidation of the wireless industry that has, for the most part, been put on hold since the start of the financial crisis in 2008. Wireless consolidation is inevitable as there are significant benefits to having a larger network (handset/infrastructure purchasing power, lower roaming expenses, duplicate corporate overhead and advertising, etc.) and fewer competitors (less churn)."
I wrote the above excerpt in March 2011 about AT&T's $39b bid to acquire T-Mobile (TMUS) from Deutsche Telecom (OTCQX:DTEGY). It's been over two years since then but, once again, it appears the wireless industry is on the cusp of...
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