The chairman of the Federal Communications Commission has come out against the merger of cell-phone giants AT&T and T-Mobile USA, reports the Associated Press. Julius Genachowski made his position known in a document he circulated to fellow commissioners Nov. 22. Genachowski recommended sending AT&T’s proposed $39 billion takeover of T-Mobile to an administrative law judge for review and a hearing. That's what the FCC does when it opposes a merger. According to an FCC official familiar with the matter, an agency analysis concluded the merger would result in higher prices for consumers, less innovation, less investment in the U.S., and...
Subscribe to Read More
Are You an Educator?
Get Free online access to all our
news and resources