AT&T: FCC is preventing the creation of thousand of jobs, billions in investment

AT&T on Tuesday issued a statement after the Federal Communications Commission took preliminary steps toward blocking AT&T’s proposed $39 billion acquisition of T-Mobile USA. The FCC said it is not convinced the merger will in fact create jobs as AT&T has promised, and it said it will hold�an administrative hearing to examine the deal. The hearing, however, will not take place until after the�Department of Justice?s lawsuit against the merger, which will go to trial in February 2012, runs its course.�”The FCC?s action today is disappointing,” AT&T’s senior vice president of Corporate Communications�Larry Solomon said in a statement.�”It is yet another example of a government agency acting to prevent billions in new investment and the creation of many thousands of

Source: http://www.bgr.com/2011/11/22/att-fcc-is-preventing-the-creation-of-thousand-of-jobs-billions-in-investment/

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