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California to Review AT&T / T-Mobile Deal

Article Comments  9  

Jun 10, 2011, 7:33 AM   by Eric M. Zeman   @phonescooper

The California Public Utilities Commission has voted to investigate AT&T's proposed acquisition of T-Mobile USA. If allowed to proceed, the combined AT&T/T-Mobile entity would control 47% of California's wireless market. The PUC is concerned that the merger would give too much market power to one company. The state of California cannot, by itself, block the acquisition, but it can submit comments to the Federal Communications Commission, which is already performing its own review of the proposal. The California Public Utilities Commission believes it will have some weight with the FCC given the population of California. It has tentatively scheduled October 6 for a vote on the matter. The U.S. Justice Department is also performing a review of the acquisition, as are several other states.

more info at Wall Street Journal »

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Comments

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GeeksAreBest

Jun 10, 2011, 7:53 AM

I enjoy reading these...

Since all these monkeys are jumping on AT&T/T-Mobiles back when they have *no* control or say over the merger/acquisition. What's the point in voting yes or no when your vote has no real effect?
Prepping for next year's elections...
...
theKevinArms

Jun 12, 2011, 4:26 PM

Califon-bankrupt

shouldn't the lawmakers in California be focusing relieving the 30-billion dollar debt as opposed to throwing rocks at AT&T? Cell phones aren't going to matter much when the whole state is in a Depression and at the bottom of the Pacific ocean.
This is California we are talking about. Logic has no place!
 
 
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