“AT&T Inc.’s $39 billion deal to acquire T-Mobile USA from Deutsche Telekom AG could be facing an uphill climb at the Federal Communications Commission,” Amy Schatz reports for The Wall Street Journal.
“‘There’s no way the chairman’s office rubber-stamps this transaction. It will be a steep climb to say the least,’ said an FCC official on Wednesday. The official declined to comment on the record,” Schatz reports. “The official stressed that the agency hasn’t even begun to formally evaluate AT&T’s proposal and will examine the deal on its merits and whether it’s in the public interest.”
Schatz reports, “The agency’s review could take upwards of a year to complete and the Justice Department must also weigh in on competitive concerns about allowing the U.S.’s second largest wireless carrier to acquire the fourth largest.
Read more in the full article here.
[Thanks to MacDailyNews Reader “Fred Mertz” for the heads up.]