ARE THESE BEHAVORS BENEFITING CONSUMER OR SAID COMPANIES
By: C. Harrison/5/6/2016
The truth about mergers and acquisitions are that sometimes they are very good for us the consumers and other times well those companies who merges are in fact the ones who benefit most. Nothing we can do about it.
Most companies make millions while other just get stock value, which could or have the potential to make millions later, especially internet base companies; who I believe are playing us like a ping -pong-ball. Still yet others take a pay cut they usually say for the good of the company.
Who in these companies get the big stick-it-to-you, top tier managers and supervisors. Sometimes even VPs and CFO or CEOs…even members of the board but, the brunt some of the time are consumers. Looking on the bright side we the consumers can also say that many a times we actually benefit and that, usually happens when some of these companies literally care about us, the consumers..
As of April 1, 2016, the largest wireless company Verizon Communications Merged with Frontier Communications. This merge will impact 3.7 million landlines and 2.2 million phone connections. The deal is valued at $9.9 billion and another $600 million in assumed debts. The merge doesn’t include cell phone provider Verizon Wireless. Here, changes include who to call when the cable is out and where to send payments.
We also just learn that the FCC Commissioners approved Charter Communications In’s merge or acquisition of Time Warner Cable Inc. and Bright House Networks. This created the second largest U.S broadband provider and third largest video provider. Thus far, all involve are in favor except California who’s decision could come as early as May 12, 2016.
This Charter and Time Warner deal is valued at $56.7 billion and Bright House another $10.4 billion. The deal extended High Speed internet access to two more million customers in five years.
These two merges makes us cringe right now. All kinds of acquisitions going on right now in Business 2016, its consumer be ware. Remember Its all about who benefits and who loses we concern ourselves about.
