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Several advocacy groups have written a letter to the Federal Communications Commission in regards to AT&T’s planned $39 billion acquisition of T-Mobile. The letter specifically asks FCC Chairman Julius Genachowski to “convene a series of field hearings around the country to hear from the people who could be most affected by the merger of AT&T and T-Mobile.” The advocacy groups believe that the acquisition would give AT&T nearly control of nearly 80% of the U.S. wireless market and that as such, “prices would rise, jobs would be lost, and innovation would suffer.” AT&T’s CEO Randall Stephenson has argued that the acquisition would result in net job growth. Sprint, one of the deal’s most outspoken opponents, has also said that the
Via BRG - Boy Genius Report
Via BRG - Boy Genius Report