Sen. Herb Kohl, D-Wis., who chairs the Senate’s Antitrust Subcommitteee, is calling for regulators to block the proposed merger of AT&T and T-Mobile:
”I have concluded that this acquisition, if permitted to proceed, would likely cause substantial harm to competition and consumers, would be contrary to antitrust law and not in the public interest, and therefore should be blocked by your agencies.”
Top Democrats in the House also viewed the merger unfavorably:
“We believe that AT&T’s acquisition of T-Mobile would be a troubling backward step in federal public policy–a retrenchment from nearly two decades of promoting competition and open markets to acceptance of a duopoly in the wireless marketplace,” House Energy and Commerce Communications and Technology Subcommittee Chairwoman Anna Eshoo, D-Calif., Rep. Edward Markey, D-Mass., and House Judiciary ranking member John Conyers, D-Mich., wrote in their letter to FCC and the Justice Department. ”Such industry consolidation could reduce competition and increase consumer costs at a time our country can least afford it.”
Not exactly what AT&T wants to hear. T-Mobile, if it gets out of this AT&T merger, also gets a $3+B check from AT&T for the dance.
- DOJ Antitrust Division Policy Guide to Merger Remedies (bespacific.com)
- House Democrats Question Benefits Of Wireless Merger (techdailydose.nationaljournal.com)
- States subpoena Sprint over AT&T-T-Mobile merger (cnet.com)