Mergers and acquisitions in the Telecommunications industry have become a distinctive trend of the U.S. economy, with steady consolidation of carriers to head off or take on the competition. While the wealth effects of mergers have been extensively analyzed in prior literature, previous studies...

This study evaluates the human capital consequences of the several mergers of the local exchange companies that took place between 1988 and 2001. Many firms in the sector underwent one merger event while several firms have undergone two events. The levels of jobs and average wages in the firms...