Telecom Mergers Won't Raise Prices, DOJ Economist Says

Law360, New York (August 10, 2006, 12:00 AM EDT) -- Consumers are unlikely to feel the effects of two major telecom mergers, if approved, because elevated prices would attract new competitors, a Department of Justice economist told a judge.

The comments, from redacted testimony in the review of the mergers of AT&T Corp. with SBC Corp. and Verizon Communications Inc. with MCI Inc., were made available on Wednesday by the Justice Department.

W. Robert Majure, an economist for the Antitrust Division, said that in theory, the mergers could result in higher prices or lower quality for...
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