AT&T to buy T-mobile USA for $39bn from Deutsche Telekom creating the 2nd largest wireless carrier with 120m subscribers. These giant mergers occur in mature industries as the only way to get new customers is to buy them & the only easy way to save money is to eliminate back office operations, redundant towers etc… However, if the merger is approved it will leave just three carriers! Will prices rise?
Tag Archives: industry
ISM reports growth!
The monthly Institute of Supply Management Report on Business (ISM) is a survey based index of more than 300 manufacturing firms that tracks 11 dimensions of activity across 18 Industries. Readings below 50 indicate recession. Value above 50 indicate growth. The index ranges from 0 to 100. The Jan ISM rose to 60.8 (it’s highest level since May ’04), & 14 of 18 industries reported growth!