When cell phones first became popular, there were several carriers to choose from. You might remember popular options like Cricket, Cingular, Vodafone, Sprint, and Mint. These companies are a thing of the past. So, what happened? The team at Wyoming Attorney LLC gives us the answer with his illustrated chart of telecommunication company mergers.
You’ll see that over the past few decades, three major companies have absorbed these other options. Cricket and Cingular were absorbed by AT&T, Vodafone was absorbed by Verizon, and Sprint and Mint merged with T.Mobile. These three companies are basically the only remaining cell phone carrier options. Out of the three of them, AT&T dominates with a huge 241.5 million subscribers. The company is so large they almost bought T.Mobile as well. Because the industry has been whittled down to these three companies, mergers are huge, worth millions and sometimes billions of dollars.
infographic by: wyomingllcattorney.com
