Randy May of the Free State Foundation has a characteristically good post about the AT&T/T-Mobile merger entitled: "The AT&T and T-Mobile Merger: Thinking Things Through." Among other smart ideas, Randy highlights the competitive game-playing that goes on in the merger review arena:
When considering competitive and market impacts for purposes of merger reviews, observe the extent to which various competitors, often many competitors, mount vigorous campaigns designed to convince the antitrust authorities and the regulators that if the merger is approved there will be an absence of competition. Note the incongruity.
There's level-headed thinking aplenty in this post from a long-time Federal Communications Commission and telecom-industry watcher. Check it out.