AT&T Bulks Up Again

In the beginning, there was Ma Bell. In the end, too

Thirty years ago, antitrust regulators broke the old AT&T into seven Baby Bells to create more competition in the telephone industry. Since then the introduction of new transmission technologies such as cellular phones and satellite broadcasting has transformed communication. That hasn’t stopped a march back toward consolidation, as AT&T’s proposed $48.5 billion purchase of satellite provider DirecTV shows.

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