'No Way' and 'Steep Climb' quote from FCC Official on AT&T/T-Mobile Merger
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,
The Wall Street Journal also added,
"There's no way the chairman's office rubber-stamps this transaction. It will be a steep climb to say the least."
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.
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.
Source: Android.net via The Inquirer via The Wall Street Journal