Reuters reports that AT&T plans on acquiring BellSouth of Atlanta, one of its only rivals in the long-distance telephone and DSL business. At a price of $67 billion, AT&T will have “residential customers stretching from Florida to California and business customers comprising more than half of the Fortune 1000.” This is an alarming trend for those opposing media consolidation and monopolies.
That leaves only AT&T, Verizon and Quest as the Bell “competitive environment.” And then there were three…