Oct. 31 (Bloomberg) -- AT&T Inc. told U.S. regulators its proposed $39 billion purchase of T-Mobile USA Inc. would spur investment and have “substantial spillover effects” leading to “thousands” of new jobs.
“The merger will provide a significant boost to the U.S. economy,” David McAtee II, a lawyer for AT&T, said in a filing with the Federal Communications Commission today that the company distributed by e-mail. The two-page letter accompanied a 19-page redacted filing that said AT&T would guarantee jobs to non-management workers at T-Mobile.
The document responded to an Oct. 13 letter to AT&T in which the FCC said the company had produced “almost nothing” in answering an agency query about whether the transaction would increase U.S. jobs.
The Justice Department sued on Aug. 31 to stop the T-Mobile purchase as anti-competitive. The FCC is still reviewing the transaction, which would make AT&T the largest U.S. wireless provider and eliminate one of four national mobile carriers.
AT&T has said the deal announced in March would bring 5,000 call center jobs back to the U.S.
--Editors: Michael Shepard, Timothy Franklin
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