Telecommunication Industry in USA used to be a government sanctioned monopoly until early 1980s. Two waves of deregulations, one in 1984 and the other in 1996 allowed other companies to enter the market, the idea being competition will have a positive effect on the industry and the consumers. However, in recent years there seems to be an opposite trend. The government allowed Sprint and T-Mobile to merge last week ending the direct competition between two strong competitors. At the same time, the merger between AT&T and Time Warner was attempted to be blocked even though they are not direct competitors. Do you find this intriguing? Why or why not? Discuss in detail. Your discussion must include relevant industry structure/competition issues including reference to related competition laws, business strategies and the possible future costs and benefits of these decisions.