Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

The Associated Press November 22, 2011, 7:21PM ET

FCC chair opposes AT&T takeover of T-Mobile

The chairman of the Federal Communications Commission has come out against the merger of cellphone giant AT&T and T-Mobile USA.

Julius Genachowski made his position known in a proposed order he circulated to fellow commissioners Tuesday.

Genachowski recommended sending AT&T Inc.'s proposed $39 billion takeover of T-Mobile to an administrative law judge for review. That's what the FCC does when it opposes a merger.

According to an FCC official familiar with the matter, an agency analysis has concluded the merger would result in higher prices for consumers, less innovation, less investment in the U.S. and fewer U.S. jobs.

The official wasn't authorized to speak publicly.

The FCC is the second government agency to oppose the deal. The Justice Department filed a lawsuit in August to stop it.


BW Mall - Sponsored Links

Buy a link now!