'No Way' and 'Steep Climb' quote from FCC Official on AT&T/T-Mobile Merger

[dgstorm]

Apparently, there is some measure of sanity in the world, as the Wall Street Journal got a quote from an FCC official on Wednesday, regarding the AT&T/T-Mobile Buyout. The official said,

"There's no way the chairman's office rubber-stamps this transaction. It will be a steep climb to say the least."

The Wall Street Journal also added,

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.

Furthermore, the article also pointed out that deals like this have been approved before despite these types of warnings. Regardless, it will probably be a long time before we know anything for sure. It could be a year or more before it passes through the regulatory process with the FCC and DOJ. Also, the deal between AT&T and T-Mobile includes a $3 Billion dollar cancellation payout even if the merger falls through. You know AT&T is going to fight aggressively to avoid giving up $3 Billion bucks for nothing.

Source: The Inquirer via The Wall Street Journal

[Bazar6]

Glad I'm not an AT&T customer. If this falls thru and they have to hike their prices, it's only gonna hurt the AT&T consumer. The T-Mobile consumer however could either see a temporary price reduction (thanks to AT&T), or the LTE expansion program sped up to have more cities in less time; I'd bet on the latter, not often will a company give the consumer a break, even if they have money laying around.

[RayBan]

i dont think this surprised anyone...except maybe at&t lol ooohhh burn!