In the beginning, there was Ma Bell. And the government said, "This is not good." So the Bell was broken.
Then, came monopolistic competition. And the government said, "This is not good." So the industry was deregulated.
Then came the deregulated free-for-all. And the government said "It is good."
But without regulation, the companies had Free Will to do as they please rejected competition, saying "Let's merge."
It's the circle of life.
Yeah, ironic isn't it.