Justice Department Gives Green Light To Cingular Merger
Oct 25, 2004, 3:07 PM by (staff)
Cingular today announced that it has reached an agreement with the U.S. Department of Justice that will allow the company's proposed acquisition of AT&T Wireless to proceed on schedule. While the annoucement covers any antitrust concerns, the deal must also win approval from the FCC. The FCC has reportedly agreed on approval internally, and is expected to make an announcement by tomorrow. Cingular officials continue to expect the transaction to close later this quarter.
Justice Dept. Probing Sprint/T-Mobile Merger Effect on MVNOs
The U.S. Department of Justice is exploring what impact the proposed merger of Sprint and T-Mobile will have on smaller carriers and MVNOs.
Justice Dept. Gives AT&T-Time Warner Judge a Way Out
The Justice Department, during closing arguments of its case against the AT&T-Time Warner merger, suddenly suggested the judge weigh "alternative" remedies should he choose not to block the deal. The Justice Department has fought against the merger from the start, saying AT&T would use Time Warner's content as a weapon against consumers, raising prices and limiting competition.
AT&T to Buy Time Warner for $85.4 Billion
AT&T has agreed to purchase Time Warner for $85.4 billion in a stock-and-cash deal that will merge AT&T's delivery networks with Time Warner's vast catalog of content. AT&T believes the combined companies will be able to save $1 billion per year once fully merged.
Justice Dept. Suggests FCC Limit AT&T, Verizon Auction Participation
Officials at the Justice Department are concerned AT&T and Verizon will dominate the upcoming 600MHz auction if more protections aren't put in place by the FCC. The agency filed a letter with the FCC this week suggesting the FCC give more weight to the concerns of companies such as Sprint and T-Mobile, which seek to limit AT&T and Verizon's participation.
New phones release?
I hope this works out!
I'd like ot say