The proposed SBC-AT&T merger is ‘in the best interests of consume...
The proposed SBC-AT&T merger is “in the best interests of consumers and industry employees throughout the [country] because it will reinvigorate AT&T’s declining business” without harming competition, CWA said in a white paper. Without a vigorous merger partner, AT&T…
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would face “dramatic declines” or would “disappear altogether,” it said, noting that since 1999 AT&T’s total revenue has dropped 38% and in 2004, the company had a $10 billion operating loss: “That would be very damaging for consumers and workers.” The merger with SBC, however, “provides a real opportunity for job growth and the further development of services and products that consumers want,” said CWA Pres. Morton Bahr. He called on federal and state regulators to approve the deal.