Lots of folks in Washington not too sure about AT&T and T-Mobile
Not surprisingly, public interest groups are not excited about the AT&T-Mobile news. Public Knowledge President Gigi Sohn said last night “We think that US regulators should take a page out of Reed Hundt’s playbook and declare this merger ‘unthinkable‘ (as he did when it was rumored that AT&T would merge w. SBC in 1987).” Reps. Anna Eshoo (D-Calif.) and Edward Markey (D-Mass.) are saying they want hearings about this deal and the extent to which it effects competition. Senate Commerce Chairman Sen. Jay Rockefeller (D-W.Va.) is also talking about hearings. Meanwhile AT&T exec Randall Stephenson said today the company is “confident” the acquisition will be approved by regulators.
We’re here to help you navigate this changed world and economy.
Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.
In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.
Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.