[kar2014]

Remember ATT bid for T-Mobile? FCC stopped the deal to keep the competition and also so consumers have a choice. Same applies here but seems they are turning their eyes away. Your example of Picasso painting does not apply, by definition that is one of a kind item and only selected people want them, it is not a commodity, so market competition does not apply.

[smsm42]

Market is any set of voluntary exchanges, I just point out that some markets can have no competition despite being free. This can happen even in commodity markets, e.g. if somebody owns a huge chunk of the market. E.g. diamonds & De Beers. For telecom markets, there seem to be no substantial reasons why healthy competition can not exist on a free market.