Solid hits for both carriers: not homeruns, but very strategic singles and doubles.
What results from these deals? Well on the positive side the two major carriers have more spectrum to satisfy consumer demand. On the negative side this spectrum initially was acquired by companies that offered the prospect for more competition. The competition will not occur, so the incumbents have even less downward rate pressure and the incentive to innovate.
No one has convinced me that the wireless marketplace in the United States has too many carriers and too much competition. Quite the contrary. But no carrier wants to compete with two “too big to fail” giants who have the customer base and spectrum to make quite costly competitive market entry, or even competition by existing carriers. These barriers to entry solidify incumbent market dominance, something the FCC could have prevented if it had reserved spectrum for new carriers and nondominant existing carriers.