There are two reasons the merger between AT&T (T) and Time Warner (TWX) will be approved. One, because the merger between Comcast (CMCSA) and NBC Universal was approved several years ago. And two, because AT&T is a disruptor bringing waves of innovation, change and growth to the entire industry improving the economics of the entire industry.

This is the new direction the industry is now heading and it would be unfair for regulators to say yes to Comcast NBC and no to others. Today, Comcast owns NBC, NBC Universal, Universal Pictures, Telemundo, Universal Television and much more. It would be unfair to customers, competitors, investors and in fact all the other companies in the industry if regulators blocked competition.

Will Regulators Block Competition to Comcast NBC?

Merger waves start and grow over time. Over decades they change the fabric of an industry. They unleash new competition and new waves of innovation and growth. The resulting industry is always stronger and larger and very different after waves of growth. Everyone benefits with this new thinking.

Remember when there were countless smaller wireless carriers scattered across the country? Merger after merger has changed the wireless industry. Today there are fewer, larger and national providers. This is better for everyone. Today the top four wireless carriers, AT&T Mobility, Verizon Wireless (VZ), Sprint (S) and T-Mobile (TMUS) have unleashed incredible growth and excitement.

Remember when there were countless cable television companies from coast to coast? Today things are different. Merger after merger has changed this industry as well. Today, there are fewer, larger and more national competitors like Comcast, Charter (CHTR) and Altice (ATUS).

Disruptor AT&T Transforms Industries and Creates Growth for Everyone

In fact, this new wave of consolidation has led to so much innovation that other companies are entering, challenging and growing the space. This is one of the exciting benefits of letting the industry grow and transform.

We have watched the industry grow and change over time. The industry used to be several different sectors like local telephone, long distance telephone, wireless, cable TV, Internet and more.

Today, competitors are offering services in more than one of these categories. And this is the direction the industry continues to head. We are seeing fewer and larger competitors growing in all these sectors.

This unleashes new waves of innovation and growth. It happened after AT&T acquired DirecTV. They created DIRECTV NOW offering the marketplace lower cost bundles of services and attracting customers who gave up on pay TV in the past. AT&T also created wireless TV or mobile TV letting customers watch on their tablet or smartphone, anywhere in the country over the AT&T Mobility network.

This new idea is letting AT&T disrupt the old industries bringing new waves of innovation and growth that first challenges then benefits all competitors as they move forward.

Disruptors Shake Things Up, Bring Innovation, Change and Growth

This new innovative wave is impacting the entire pay TV space sending Comcast, Charter and Verizon back to the drawing board to come up with a competitive answer. That’s the beauty of disrupting and industry.

We need disruptors. Disruptors shake things up. They create new waves of innovation, completion and growth for the entire industry. The only ones hurt by disruption are old leaders like the horse and buggy industry when the Ford (F) Model T was invented. We can feel bad for the buggy maker, but would we really want to still be riding in them today?

AT&T is a disruptor. They are not a follower. They transform industry after industry. Now they want to do the same with this acquisition of Time Warner, which would give them access to all sorts of content.

Since Comcast already merged with NBC Universal, I can’t see regulators standing in the way of a competitor doing the same thing. Can you?

Jeff Kagan is an Equities.com columnist. Kagan is a Wireless Analyst, Telecom Analyst, Industry Analyst, speaker and consultant. He follows wireless, wire line, telecom, Internet, cable TV, IPTV, Cloud, Mobile Pay, FinTech and communications technology. Email him at [email protected]. His web site is www.jeffKAGAN.com. Follow him on Twitter @jeffkagan