AT&T and BellSouth to Merge...Here comes Ma Be

kangdangalang writes: News is amuck about a merger between AT&T and BellSouth AT&T Inc. (NYSE:T) and BellSouth Corporation (NYSE:BLS) announced today an agreement to merge the two companies, a combination that will create a more effective and efficient provider in the wireless, broadband, video, voice and data markets. The merger will streamline the ownership and operations of Cingular Wireless, which is jointly owned by AT&T and BellSouth. The new company will be more innovative, nimble and efficient, providing benefits to customers by combining the Cingular, BellSouth and AT&T networks into a single fully integrated wireless and wireline Internet Protocol network offering a full range of advanced solutions. Seems like AT&T is trying to reacquire all the baby bells to get back to being the communications supergiant of decades past, do you think this will be allowed by the FCC or will this get shot down because of fear of AT&T becoming a monopoly once again?