FCC Chair Fires Back at AT&T CEO Over Pricing
Federal Communications Commission chairman Julius Genachowski rejected the idea that the blocked T-Mobile USA acquisition will lead to higher pricers for consumers. AT&T CEO Randall Stephenson recently said that consumers will face higher prices now that the deal has been blocked. Speaking to attendees at the CTIA Wireless trade show, however, Genachowski said that by blocking the deal the wireless industry should see more competition, which should in turn lead to lower costs for consumers. Genachowski said that the FCC is not opposed to mergers, acquisitions, and consolidation, but said that AT&T's attempt to purchase T-Mobile USA crossed the line.
Who is right here?
The Rule is Verizon, Sprint, ATT and Tmobile can never be combined. Someone should have told ATT this before attempting.
T-Mobile: "They are NEVER going to allow ...