“The decision by the chairman, Julius Genachowski, puts a second large roadblock in front of AT&T, the nation’s second-largest wireless phone company, in its effort to buy T-Mobile, the No. 4 carrier,” Wyatt reports. “In August, the Justice Department filed a federal antitrust lawsuit to block the merger, saying it would stifle competition.”
Wyatt reports, “Mr. Genachowski on Tuesday sent to the other three commissioners a proposed order to refer the merger to an administrative law judge for a trial-like hearing in which AT&T would be required to show that the deal is ‘in the public interest.’”
Read more in the full article here.
[Thanks to MacDailyNews Readers "Fred Mertz" and "Lynn Weiler" for the heads up.]
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