DOJ wants to push back AT&T trial
Fact: in order for AT&T to go through with its planned merger with T-Mobile, it has to get approval from the Justice Department and the Federal Communications Commission. So, with approval looking less and less likely, AT&T decided to pull its application with the FCC last month and focus on its hearing with the DOJ coming up in February. A shrewd corporate move, right?
Well not really, since the DOJ is now effectively saying “what’s the point?” Reuters quotes the DOJ’s attorney, Joseph Wayland: “It’s not a real transaction until they file with the FCC.” The DOJ plans to file the request in the coming week. U.S. District Court Judge Ellen Huvelle is reviewing the request, but there’s no word on when she might approve/deny it.
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.