Statement by FCC Chair Genachowski on AT&T/T-Mobile Deal
- Wall St. rallies, led by banks and energy stocks
- Unusual 11 Mid-Day Movers 2/12: (ICPT) (NEWS) (MERC) Higher; (LPLA) (SCSS) (SUNE) Lower
- Intercept Pharma (ICPT) Said to Explore Sale Following Interest
- Deutsche Bank (DB) Plans EUR 3B, $2B Debt Buyback
- AIG (AIG) Misses Q4 EPS by 19c; Raises Buyback to $5B, Announces Dividend Increase
FCC Chairman Julius Genachowski said, "By filing suit today, the Department of Justice has concluded that AT&T's acquisition of T-Mobile would substantially lessen competition in violation of the antitrust laws. Competition is an essential component of the FCC's statutory public interest analysis, and although our process is not complete, the record before this agency also raises serious concerns about the impact of the proposed transaction on competition. Vibrant competition in wireless services is vital to innovation, investment, economic growth and job creation, and to drive our global leadership in mobile. Competition fosters consumer benefits, including more choices, better service and lower prices."
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- US Energy (USEG) Announces Sale of Mt. Emmons Mine Site (FCX)
- The Fresh Market (TFM) Bids May Not Be Enough to Get Deal Done - Piper Jaffray
- Baidu.com (BIDU) Announces Receipt of Non-Binding Offer to Acquire Qiyi.com, Inc
Create E-mail Alert Related CategoriesCorporate News, Mergers and Acquisitions
Sign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!