FCC Chief Puts the Kibosh on AT&T/T-Mobile Merger

Illustration for article titled FCC Chief Puts the Kibosh on AT&T/T-Mobile Merger

FCC chairman, Julius Genachowski, issued a draft statement yesterday lashing out against AT&T's proposed acquisition of T-Mobile, calling its concentration of the wireless market contrary to the public interest. He's also requested an administrative hearing, placing the onus on AT&T to prove the deal benign to wireless consumers.

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AT&T called the draft statement "disappointing" while citing the economy's need for investment and job creation. Genachowski responded by pointing out neither is a guaranteed result of this merger. Cult of Mac has more reactions. [Top Art courtesy the AP]


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DISCUSSION

Organized_Chaos
Organized Chaos

I'm sure I'm in the minority here, but I actually like AT&T. Their service is great in my area, it beats other carriers, and I never have trouble with service on my iPhone. With that said, I was still against the merger because it's simply buying out your competition.

What I would like for them to go into detail about is this whole "job creation" thing. How will the merger create so many more jobs. I suspect they'd close several T-Mobile stores, thus killing jobs.