AT&T, T-Mobile Mull Plan To Consolidate FCC Frequencies Into New Joint Venture (Monopoly) To Cull And Minimize CompetitionSubmitted by AnAppealToHeavenWash on Thu, 12/01/2011 - 08:42
In bed with the FCC? Yes, regardless of what is being reported below.
AT&T Inc. and Deutsche Telekom AG, the parent of T-Mobile USA, have discussed an alternative transaction—forming a joint venture that would pool network assets from the two U.S. wireless carriers—if their current acquisition deal falls apart, people familiar with the matter said...
...Tuesday, the Federal Communications Commission dealt the deal another blow by releasing a 109-page report in which it argues that the combination of AT&T and T-Mobile USA would hurt competition and lead to high prices for customers.
AT&T is still focused on building its case for the acquisition, and it expects to have a reasonable chance of winning against antitrust authorities despite new head winds such as the FCC report, the people familiar with the matter said...
WSJ's Amy Schatz has details of an unusually critical FCC report on the proposed merger between AT&T and T-Mobile. The FCC claims the deal, if approved, could stunt competition in nearly 100 of the top U.S. markets.