FCC Blasts AT&T Deal

[Dover]

Source: WSJ

WASHINGTON—Federal regulators issued a stinging 109-page analysis of AT&T Inc.'s proposed $39 billion acquisition of T-Mobile USA, saying it would limit competition in virtually every U.S. city and lead to higher prices for customers.

The decision to release the analysis—which came despite AT&T's objections—marked the latest blow to the deal, which is on life support after a lawsuit by the Justice Department and criticism from the Federal Communications Commission.

The FCC said last week it wanted to call a trial-like hearing to review the deal. AT&T responded by pulling its application at the FCC and the agency,...

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Read more: http://online.wsj.com/article/SB10001424052970204449804577068562250634398.html?mod=business_newsreel

[DCKit]

1. "AT&T responded by pulling its application"

AT&T not welcoming scrutiny of their takeover? Sheesh, who'd a thought?

[Sherman A1]

2. Thus explaining

what so many of us figured out from the very beginning.

[strategery blunder]

3. If only the Comca$t/NBC merger had received the same scrutiny...n/t

[onehandle]

5. The right people got paid off for that one.

AT&T needs to bribe better.

[barbtries]

4. i thought the deal was off

?

[lunatica]

6. I dropped AT&T when they started spying on us for Bush

Fucking Big Brother enablers. They waste dollars sending me offers to go back to them. Comcast may be the pits but at least they haven't been found to be spying on us for the benefit of Homeland Security.

[dixiegrrrrl]

7. The deal was so bad even the FCC would not pass it, sounds like.

Makes ya wonder, given the FCC's recent history of toadying up to corporations.