“This week, U.S. Federal Communications Commission staff joined lawyers at the Justice Department in opposing the planned transaction,” Sherman reports. “The last time the FCC staff proposed sending a merger to a hearing was over AT&T Inc.’s bid to buy T-Mobile USA Inc. in 2011, prompting the companies to drop the deal.”
Read more in the full article here.
MacDailyNews Take: Good.
As we wrote on Monday: “The U.S. needs more competition in the broadband Internet and cable television markets, not less.”
[Thanks to MacDailyNews Reader “Bill” for the heads up.]
U.S. DOJ likely to block Comcast’s bid to buy Time Warner Cable – April 20, 2015