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The Roman Coins Catalog

FCC comes out against AT&T merger with T-Mobile

2011.11.23 09:32 by Daniela
Keywords: FCC, AT&T, T-Mobile

 

The Federal Communications Commission (FCC) announced that it intends to effectively block AT&T's proposed $39 billion acquisition of T-Mobile by referring the matter to an Administrative Law Judge (ALJ) for review.

The chairman, Julius Genachowski, made the move after the commission's staff concluded that the deal would harm consumers, kill jobs and result in an overly concentrated wireless phone industry, FCC officials said.

The FCC decision has pleased campaigning group Public Knowledge, which has been lobbying against the deal from the start.

"Chairman Genachowski is to be applauded for standing up to AT&T's lobbying machine and moving forward to a hearing designation. We hope that the other Commissioners will follow the Chairman's lead and move swiftly to vote the hearing designation order," says its president and co-founder, Gigi B Sohn.

Read more -here-

 

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