US mobile giant AT&T’s ongoing attempt to secure a USD39 billion deal for T-Mobile USA has been dealt a significant blow by the Federal Communications Commission (FCC). The watchdog’s chairman Julius Genachowski has sent a draft order to his fellow commissioners, confirming that, after reviewing 200,000 pages of documents and convening around 100 meetings with stakeholders and as many as 30 with the applicants themselves, FCC staff believe that the projected deal will significantly diminish competition and lead to widespread job losses. One senior FCC official told Reuters: ‘The record clearly shows that – in no uncertain terms – this merger would result in a massive loss of US jobs and investment’.
Original post:
OVETEL FCC demands full hearing over AT&T, T-Mobile deal
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