Not so fast, AT&T. A Federal Communications Commission official has addressed the challenges that AT&T faces in pursuing its $39 billion acquisition of T-Mobile. Both FCC and Department of Justice regulators will have to approve of the merger first, and the transaction will not get a rubber stamp, an FCC official said. If the merger were to come to fruition, AT&T would be the largest cellular provider in the U.S., with around 130 million subscribers. The FCC has not even begun to formally evaluate the merits of the AT&T proposal or whether it would be in the public’s interest, according to the official.
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FCC: AT&T Will Have to Navigate Some Serious Hoops
Posted by: Rob Spiegel March 25, 2011 12:03 PMNot so fast, AT&T. A Federal Communications Commission official has addressed the challenges that AT&T faces in pursuing its $39 billion acquisition of T-Mobile. Both FCC and Department of Justice regulators will have to approve of the merger first, and the transaction will not get a rubber stamp, an FCC official said. If the merger were to come to fruition, AT&T would be the largest cellular provider in the U.S., with around 130 million subscribers. The FCC has not even begun to formally evaluate the merits of the AT&T proposal or whether it would be in the public’s interest, according to the official.