AT&T Abandons T-Mobile Merger
December 19, 2011
| 5:02 PM
The advocacy groups are already cheering -- AT&T has given up in the face of opposition from both the FCC and the Justice Department.
"Good riddance. The Obama administration deserves praise and credit for standing up to AT&T's relentless lobbying and propaganda," Free Press President and CEO Craig Aaron says in a statement.
The company says it'll try to find the spectrum it needs elsewhere and doesn't go out cheerfully.
"The actions by the Federal Communications Commission and the Department of Justice to block this transaction do not change the realities of the U.S. wireless industry. It is one of the most fiercely competitive industries in the world, with a mounting need for more spectrum that has not diminished and must be addressed immediately," the company complains bitterly in its release.
"The AT&T and T-Mobile USA combination would have offered an interim solution to this spectrum shortage. In the absence of such steps, customers will be harmed and needed investment will be stifled."
Read the full story here as it develops.
Categories:
Antitrust
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