Head of F.C.C. Takes Step to Prevent AT&T Merger

By artappraiser on Wed, 11/23/2011 - 11:29am |

By Edward Wyatt, New York Times, Nov. 22/23, 2011

WASHINGTON — The chairman of the Federal Communications Commission took steps Tuesday to block the proposed $39 billion merger of the mobile phone companies AT&T and T-Mobile USA.

The chairman, Julius Genachowski, made the move after the commission’s staff concluded that the deal would harm consumers, kill jobs and result in an overly concentrated wireless phone industry, F.C.C. officials said.[....]

Note: I used the more accurate print version headline for the story, instead of the website version.

URL:

http://www.nytimes.com/2011/11/23/business/media/fcc-seeks-review-of-att-merger-with-t-mobile.html?ref=business