It’s no secret that the FCC has raised concerns over the proposed merger, and pushing this order forward understandably reflects that. In fact, during a conference call with media, the FCC expressed fears that the deal would violate antitrust standards and isn’t in the public interest, and the Commission cited records showing it would ultimately result in a loss of jobs, contrary to AT&T’s claims. Naturally, this means there’s one more hoop for the carrier to go through before it can hope to pick up T-Mobile, and it’s a biggie; with the FCC and DoJ holding steadfastly against the acquisition, the GSM carrier’s chances of success appear to be slimming significantly. Head past the break to see AT&T and Sprint’s reactions to the news.
FCC finds AT&T merger not in public interest, Genachowski issues order to hold trial originally appeared on Engadget on Tue, 22 Nov 2011 17:09:00 EDT. Please see our terms for use of feeds.
Permalink | | Email this | Comments
More:
FCC finds AT&T merger not in public interest, Genachowski issues order to hold trial