F.C.C. Seeks Review of AT&T Merger With T-Mobile
While Pink and Blue blend well on canvas, the Federal Communications Commission is not seeing a picture worth a thousand words. The merger of AT&T and T-Mobile has received scrutiny from the public’s eye along with the F.C.C., and AT&T may need to show the deal is “in the public interest”.
F.C.C. chairman Julius Genachowski has taken steps to block the proposed $39 billion merger after the commission’s staff concluded the deal would harm consumers and with the possibility of killing jobs, let alone a concentration of wireless phone industry.
AT&T Larry Solomon, senior vice president for corporate communications, says the F.C.C.’s action is “disappointing.”
“It is yet another example of a government agency acting to prevent billions in new investment and the creation of many thousands of new jobs at a time when the U.S. economy desperately needs both,” Mr. Solomon said in a statement to The New York Times. “At this time, we are reviewing all options.”
AT&T says it plans to bring 5,000 call-center jobs back to the United States and vowed no United States call-center jobs will be eliminated in the process. The block will be voted on in the next couple of weeks by commissioners composed of three Democrats and one Republican.