Speaking to the Wall Street Journal, an unnamed Federal Communications Commission official said, “”There’s no way the chairman’s office rubber-stamps this transaction. It will be a steep climb to say the least.” AT&T proposed to acquire T-Mobile earlier this week for $39 billion and would create the nation’s largest wireless network operator with 130 million subscribers. The deal has to be approved by the government before it can be completed. The FCC official’s comments indicate that AT&T will likely have to make a number of concessions in order to get the deal approved. AT&T is confident the deal will pass muster. AT&T spokesman Michael Balmoris said, “We understand that Congress, the DOJ, the FCC, as well as wireless consumers will have questions about the transaction. We look forward to answering and addressing those questions. We are confident that the facts will demonstrate that the deal is in the public interest and that competition will continue to flourish.”
Via: Phonescoop.com
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