Joseph wrote:
>> WASHINGTON -- The merger of Sprint and Nextel Communications won
>> approval from the Federal Communications Commission and the Justice
>> Department yesterday, clearing the way for a combined company with
>> more than 35 million mobile-phone subscribers.
> Good. This is one merger that might actually benefit people other than
> the shareholders.
Actually, this is good for Sprint PCS which has been in the pits. The benefit to Nextel is illusive. It's more than likely Sprint PCS had more designs on spectrum than any real benefit to Nextel. Then again when have mergers ever really benefitted the end user? Look at what happened with AT&T Wireless and Cingular. If you were an AT&T Wireless subscriber and you got absorbed by Cingular you basically got reamed and were not even given any Vaseline to make it easier on you.