Our new Marketplace Crash Course is here to help. Sign-up for free, learn at your own pace.
FCC slows down AT&T and T-Mobile merger
The Federal Communications Commission released a letter on Wednesday that stated its review of the proposed AT&T – T-Mobile merger would be extended.
“In a letter released Wednesday, the FCC said the delay was necessary because AT&T is relying on new economic models in support of the proposed merger.The decision to stop the clock while AT&T files the new economic data and third parties review it will likely prolong the FCC’s review for at least a few weeks and possibly longer. The FCC, which started examining this transaction on April 28, rarely approves major deals within its 180-day review period. The FCC and the Justice Department both have to sign off on the deal before it can go through.”
This comes right after Senator Herb Kohl (D-Wis., retiring, nothing to lose) announced his opposition to the deal. Are we seeing politics and bureaucracy and delay here OR are we seeing an actual possibility that maybe this deal gets spiked?
There’s a lot happening in the world. Through it all, Marketplace is here for you.
You rely on Marketplace to break down the world’s events and tell you how it affects you in a fact-based, approachable way. We rely on your financial support to keep making that possible.
Your donation today powers the independent journalism that you rely on. For just $5/month, you can help sustain Marketplace so we can keep reporting on the things that matter to you.