In case you haven’t seen this chart before, the breakup of the Bell was a good thing. Unfortunately, after dividing into baby Bells, they just started acquiring each other again until a few choices were left.
Not on the list as they weren’t part of the original Bell network, T-Mobile is now being acquired by Softbank, which owns Sprint.
Similar trends can be seen in the airline industry.
It’s happened in the railroad industry as well.
The oil industry is also not immune.
Internet service providers (ISPs) are slightly more diverse, but most Americans don’t really have a choice as only monopolies exist in their area already. With proposed mergers, that choice nationwide could get even smaller.
The consolidation of banking has also happened.
To get a better grasp on the banking, here is JPMorgan Chase alone.