Much of the transactional activity following the Telecommunications Act of 1996 flows from the elimination of entry barriers and outmoded regulations
Article Abstract:
The unprecedented volume of transactional activity which has followed the Telecommunications Act of 1996 has happened in many sectors of the industry and has been due to the law's elimination of barriers to entry in different parts of the industry as well as the elimination of outmoded regulations. New competition has, however, been an inevitable companion and companies are trying to lower costs, expand services and increase efficiency. Mergers remain an important tool in this attempt. The FCC and antitrust enforcement will remain important counterweights to the pro-market tendencies of the act.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1997
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Merging in the '90s: a whole new world
Article Abstract:
Changed technology and economics have revolutionized antitrust concerns both among the general public and in government antitrust agencies regarding mergers. In the world of broadcasting and entertainment, the past 25 years have seen the advent of cable and direct-broadcast satellite TV, video rental, unlimited capacity, and the Internet. In economics, the Chicago School, before fading from fashion, taught the fragility of market power and the insignificance of any but horizontal market power. These changes have been for the better.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1995
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The FTC has proposed, in a newly released staff report, that efficiencies be considered when a proposed merger is evaluated for anti-competitive impact
Article Abstract:
A staff report from the Federal Trade Commission suggests making several changes in antitrust analysis, reflecting broader economic analysis and consideration of efficiency justifications for mergers. The 300-page report, 'Anticipating the 21st Century: Competition Policy in the New High-Tech, Global Marketplace,' draws on months of public hearings. It concludes that both the agency and the courts should consider efficiency arguments, and calls for a joint FTC-Justice Department task force.
Publication Name: The National Law Journal
Subject: Law
ISSN: 0162-7325
Year: 1996
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