Cellular Catastrophe: AT&T And T-Mobile (T)

It's Merger Monday again. If all goes as planned, tomorrow could be Terrible Tuesday, followed by Wacky Wednesday and Tenacious Thursday. Now that AT&T (NYSE:
T
) has announced its plans for
world domination
, consumers are left to wonder about the future of cellular phones. Despite the advent of smaller firms like MetroPCS (NYSE:
PCS
) and Leap Wireless (NASDAQ:
LEAP
), many are beginning to call the industry a two-horse race. With AT&T and T-Mobile united as one, the two would have the power to compete more effectively with Verizon (NYSE:
VZ
) while eliminating the ongoing threat of a Sprint (NYSE:
S
) takeover. Reportedly, Sprint had hoped to strike a deal with T-Mobile. As a result of AT&T's announcement, Sprint's shares dropped more than 13% today, recovering only a small percentage (0.63%) in after hours trading. Meanwhile, Leap was up nearly 16% today. At close, MetroPCS was up 4.76%. Verizon jumped around 2.53%, while AT&T's shares rose by 1.32%. All told, it's clear that the market is starting to move away from Sprint.
Hurdles First, Hangover Later
It hasn't even been a week since the merger was announced and already critics are talking about antitrust laws, duopoly concerns, and other legal issues that could prevent the mobile marriage from occurring. Earlier today, former FCC chairman Reed Hundt
told CNBC
that he feels that the cellular union has created the “defining deal” of the antitrust policy of the Obama administration. Will the merger pass? All signs point to yes. After all, why would AT&T go through the trouble (and spend billions of dollars) on a merger that it wasn't
almost certain
it could complete? On the upside, T-Mobile users may very well appreciate the merger. By uniting the two telecommunication giants, T-Mobile users will gain access to something that was once a pipedream: the Apple (NASDAQ:
AAPL
It's A Board Game To Them, A Game Of Greed To Us
While AT&T will surely claim that the merger is not about raising our rates, it's important to remember that this is the same company that just
announced a data cap
eliminated
Growing, Growing…Gone
Solutions Or Hope?
At this point, it's too early to tell. Obviously if Comcast (NASDAQ:
CMCSA
) or Google (NASDAQ:
GOOG
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