Can someone please explain what the GHL/smoking when they allowed AT&T put a $3bn break-up fee with no anti-trust contingency in the definitive? O did some analyst make the typo of the century in v162 and no one caught it?
I hope at least the bankers were smart enough to put some anti-trust contingency in their own engagement letters...seems like the AT&T legal dept will agree to anything so perhaps they were able to.
Were/are they really that confident about anti-trust? If the breakup fee was supposed to be a deterrent to the govt, seems like a very strange tactic, like saying to the, "don't give me a speeding ticket or ill drive my car into a tree."
If DOJ was really so concerned about anti-trust, maybe they should look into the existing state of the industry. Its already a price-fixing oligopoly...does anyone else find it ridiculous to have to sign on to a minimum of 450 minutes and no carriers offer a cheaper/more competitive monthly plan? Who even uses voice minutes any more?
Would love to hear some color from those more familiar with the industry
On another unrelated note...i hate AT&T's service and cannot wait to switch to verizon...