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Released: November 23, 2011
FCC deals serious blow to AT&T and T-Mobile deal
Source: Jia Lynn Yangm Washington Post (Free Registration)
AT&T, with its powerful army of lobbyists and years of experience navigating Washington, thought it could easily persuade the government to approve its merger with T-Mobile. But regulators aren’t buying it, and the $39 billion deal is facing its biggest threat yet.
Federal Communications Commission Chairman Julius Genachowski dealt a serious blow to the merger Tuesday, moving to block the deal on the basis of findings that it would cause job losses and higher prices for consumers, officials said. It was an unusual move for the FCC, which has not tried to block a deal since 2002.
Read Full Article: FCC deals serious blow to AT&T and T-Mobile deal
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