According to The Hill U.S. House Rep. John Yarmuth (D-Ky.) is urging the FCC to cool its jets. The congressman wrote to Federal Communications Commission chairman Julius Genachowski, asking his agency to hold off on completing their review of AT&T's proposed T-Mobile acquisition until a federal court rules on the Justice Department's lawsuit to block the deal.
"While I do not believe it is the appropriate role of a Member of Congress to encourage the approval or disapproval of a particular merger, I believe it is in the interest of our economy to allow the Department of Justice and AT&T time to reach a possible settlement that balances the concerns about competition in the wireless market with the potential benefits of job creation and capital investment," Yarmuth wrote.
Department of Justice and AT&T lawyers are set to appear in U.S. District Court next Wednesday to discuss the potential for some type of settlement; the Department of Justice is arguing that the acquisition of T-Mobile by AT&T would harm competition and increase prices in the wireless market - particularly to T-Mobile customers.
AT&T has said that is interested in reaching some type of settlement deal, with the company willing to include some type of pricing plans guarantees or divestitures to ensure competition in local markets.
Source: The Hill
Comments
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
A settlement deal means that government caved to special interests, again. I wish we could do a clean sweep and replace our government wholesale.
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
we can, it's called revolution. now to wait for the MIB to knock on my door just for this comment.
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
Allowing this merger to happen is like feeding a Mogwai after midnight.
-Greevar
"Paste superficially profound, but utterly meaningless quotation here."
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
Although I liked the movies, I never understood the "after midnight" rule. The water one was pretty easy to explain away, but a time restraint, based on a time system not everyone in the world uses, just doesn't cut it.
It would have been far better to use a "no feeding after sun down" rule. That would have been more in line with the water one.
/end Gremlins rant
E. Zachary Knight
Divine Knight Gaming
Random Tower: Game News and Commentary
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
It's a joke they make in the second movie, btw. That's the whole point. The rule make sense in the old mystical realm from which these creatures seem to come from, but they stop making sense in a scientific connected world.
Re: Congressmen to FCC: Wait on AT&T T-Mobile Merger Review
no good can come from this. knowing the government, they'll cave to anyone with enough gold and knowing ATT, they probably have enough to bribe it through.