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