The U.S. Federal Communications Commission's staff has found AT&T's proposed $39 billion acquisition of rival T-Mobile USA to be contrary to the public interest, with officials there saying the deal would result in the largest single concentration in the Full Story »
Posted by Jack Powers
The merger would result in unprecedented concentration of market power in the mobile market, FCC officials said in a press briefing in which they spoke under the condition they not be named. —- The FCC’s staff also rejected AT&T promises saying the merger would lead to tens of thousands of new jobs. FCC officials instead said it would be likely to lead to “massive” layoffs as the two companies cut duplicative jobs.
TheeFCC does not buy ATT’s spin in this instance.