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Low-cost carriers are "increasingly unreliable as a source of competitive discipline in the industry," Diana L. Moss, the vice president of the American Antitrust Institute, said in Senate testimony this year on the merger implications.
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To measure that response, executives for WorldCom and Sprint have spent time this week talking with regulators in Europe and the United States about the issues that scuttled their merger and the implications they raised for any future deals.
Further down the road, the changes will have merger and acquisition implications.
A period of consolidation is under way in local television — and with it, a renewed debate about the implications of merger and acquisition activity on the industry.
Corporate mergers have grown so frequent and so large, said Robert Pitofsky, the chairman of the Federal Trade Commission, that "there's not a week that goes by that we're not called upon to review a big merger that has significant implications for the marketplace".
In his testimony Thursday, the Fed chief says he "expressed concern" that terminating the merger would have negative implications for Bank of America and for the financial system as a whole.
They insisted that the Justice Department was just as tough in reviewing the antitrust implications of mergers, including those in communications industries.
The implications of the merger, which Southwest opposes, are unclear for Islip.
In addition to worries about the implications of the merger, an increase in oil prices did not help the group.
Both firms' workers are also concerned about the implications of a merger, at a time when car sales have dropped around the world.
Still, a few of the commissioners at the F.C.C., expressed some concerns about the implications of a merger that combines the world's largest Internet service company with the world's largest media and entertainment conglomerate.
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