FCC Says AT&T's T-Mobile Acquisition Not in Public Interest
AT&T-T-Mobile withdraw FCC applications; still intend to pursue merger
Well, this is interesting. AT&T has just put out a press release announcing that AT&T and T-Mobile have withdrawn their nearly 1700 pending license transfer applications with the FCC and that AT&T will book a $4 billion charge this quarter for potential break up fees owed to T-Mobile. However, the press release also states that AT&T and T-Mobile will continue to seek anti trust clearance for the merger.
Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weekend or holiday news dump like this, they do so in an attempt to bury bad news. This could be the first admission of defeat, and it would not be all that surprising if AT&T and T-Mobile were to formally call...
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Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weekend or holiday news dump like this, they do so in an attempt to bury bad news. This could be the first admission of defeat, and it would not be all that surprising if AT&T and T-Mobile were to formally call...
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ding dong the deal is dead...
This development effectively puts the kibosh on the merger. AT&T's duplicitous machinations fail. Common sense and consumer choice prevail.
AJ
AJ
That maybe, but they'll fight to the bitter end.
However the outcome, it seems tmobile will be in a worse off situation than before the merger announcement in March. If only they had the iphone....
However the outcome, it seems tmobile will be in a worse off situation than before the merger announcement in March. If only they had the iphone....
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so Verizon can have their stupid coverage map, and buyup as needed, and the AT&T TMo merger NOT in consumer interest?? Um, since when does the government know what's best for consumers?? And how was the Verizon deal in the best interest?? sorry, FCC ...
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oh no!
This would have stimulated the economy and stifled the left wing conservatives.
HIP HIP HURRRRAY!!!!
hmmm
I'm a little saddened but not at all surprised. I didnt think it would happen in the first place.As someone has previously said in this thread, I dont think that this is truly in the publics best intrest. I see no threat of a monopoly here, lets be real, how many customers would shift to smaller carriers or "cheaper" ones if the merger was completed? Not to mention, lol, how many people would switch after one week of using att service??? lol Just my opinion, and im not biased b/c of my current employment, I actually have service with tmobile 🙂
