FCC Says No Rubber Stamp for AT&T / T-Mobile Merger
Article Comments 53
Mar 24, 2011, 10:42 AM by Eric M. Zeman
Speaking to the Wall Street Journal, an unnamed Federal Communications Commission official said, ""There's no way the chairman's office rubber-stamps this transaction. It will be a steep climb to say the least." AT&T proposed to acquire T-Mobile earlier this week for $39 billion and would create the nation's largest wireless network operator with 130 million subscribers. The deal has to be approved by the government before it can be completed. The FCC official's comments indicate that AT&T will likely have to make a number of concessions in order to get the deal approved. AT&T is confident the deal will pass muster. AT&T spokesman Michael Balmoris said, "We understand that Congress, the DOJ, the FCC, as well as wireless consumers will have questions about the transaction. We look forward to answering and addressing those questions. We are confident that the facts will demonstrate that the deal is in the public interest and that competition will continue to flourish."
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why was it ok for verizon to buy Alltel and jump past at&t as the nations largest wireless carrier...but at&t is getting such a hassle about this?
That the seemingly high school or community college edu...
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I am surprised none of the other comment bashers.. and they know who they are, have not jumped in on this one yet.
When you deal with the devil...
"We are confident that the facts will demonstrate that the deal is in the public interest and that competition will continue to flourish."
Further proof that lying is an art form which must be skillfully honed in law and business school.
TALK IS CHEAP
I wonder if AT&T will have to divest some markets like Verizon had to do on the Alltel deal.
I think they should divest some markets where AT&T and T-Mobile overlap. Thats what Verizon had to do. Whats fair is fair.
The problem with this merger is that AT&T is in nearly in every market t...
It all comes down to......
This is good