“Former FCC chairman Reed Hundt voiced his opinion on the Department of Justice’s decision to sue AT&T in an effort to block its planned $39 billion merger with T-Mobile USA,” Todd Haselton reports for BGR.
“‘AT&T is certain to lose,’ Hundt told SNL Financial. ‘They can litigate the case to death,’ he said noting that the acquisition was anti-competitive. ‘It’s an extremely easy case. The Department of Justice will win the case in court. No question about it.'” Haselton reports.
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“Until recently, AT&T was confident that the acquisition would be approved by March 2012,” Haselton reports. “AT&T vowed to contest the DOJ lawsuit and said it is confident the merger is in the best interest of consumers, and ‘the facts will prevail in court.'”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]