T-Mobile faces new FCC questions over Mint purchase
The FCC is probing into T-Mobile's proposed $1.3 billion purchase of Mint Mobile, which is fronted by actor Ryan Reynolds. The agency asked a range of questions about cybersecurity, distribution and public-interest benefits.
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Never Ever ever has there been a corporate merger that benefited customers and employees. It only benefits stockholders customers have less options employees get laid off and the product robustness suffers.
It usually doesn’t benefit the shareholders either. Something like 80% of all M&A activity is considered a general failure.
Projected “synergies” never come to fruition because employees on both sides are handled poorly in the transaction. A firm’s capabilities only exist because of its employees; when they all leave, most of the value goes with them.