Goliath on the line.
We have yet another corporate behemoth now for the public to deal with as T-Mobile and Orange work out how to carve up the mobile phone market with their merger. And what is then going to happen to 3, one company that was trying to challenge the grip of the big mobile giants?
The new company will have 37% mobile market share. Three companies will have 90%. And it is not just the mobile sector. The credit crunch has been an opportunity for consolidation across the economy.
I understand the tactics, indeed the commercial logic, but fear it is bad news for the public as a strategy for economic policy. Recalling the US experience after the great depression, is it time for us to think about a new anti-trust movement?