Tuesday, November 22, 2011

FCC says no to AT&T T-Mobile deal

The FCC has made a decision and it seems that they have agreed with the US Department of Justice and will say no to the agreed merger between the company's. The FCC said that the deal would lead to an unprecedented concentration of the mobile market in one company. In the report the FCC also doubted AT&T's claim that with the proposed merger it would make the roll-out of 4G faster. The FCC also did not agree with AT&T's claim that the merger would result in more jobs. The FCC made a statement that the opposite would happen. With this latest blow to the proposed deal AT&T has one last chance to change the outcome. The FCC is now required to send the merger request to a hearing before an administrative law judge, where AT&T and T-Mobile USA will have the opportunity to argue against the FCC and see if it can complete the deal.

No comments:

Post a Comment