This is not an opinion on AT&T stock since AT&T benefits from a monopoly status in fixed line and oligopoly status in mobile telecom. But I did want to briefly flag something regarding the telecom industry and M&A.
Today I saw a Wall Street Journal article that read as follows:
AT&T Inc. is raising prices by as much as 33% for the data plans sold with its smartphones and tablet computers.
The Dallas-based carrier said that effective Jan. 22, new customers on its least-expensive smartphone plan will pay $20 a month for 300 megabytes of data, compared with the current 200-megabyte plan at $15. Smartphone or tablet users needing more data will need to pay $30 for a 3 gigabyte plan, up from $25 for 2 gigabytes.
"Data usage is increasing at about 40% a y...
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Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty five years of business experience. He has also been a regular economic and financial commentator in print and on television for the past decade. He speaks six languages and reads another five, skills he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.