Friday, September 2, 2011

?AT&T is certain to lose? lawsuit with DOJ, former FCC chairman says

Former FCC chairman Reed Hundt voiced his opinion on the Department of Justice’s decision to sue AT&T in an effort to block its planned $39 billion merger with T-Mobile USA. “AT&T is certain to lose,” Hundt told SNL. “They can litigate the case to death,” he said noting that the acquisition was anti-competitive. “It’s an extremely easy case. The Department of Justice will win the case in court. No question about it.” According to SNL, AT&T believed federal regulators would consider the acquisition based on a market-to-market analysis, rather than nationwide analysis. Hundt said the DOJ will instead determine whether the deal is anti-competitive or not based on both national and market-by-market investigations. Until recently, AT&T was confident that the

Source: http://feedproxy.google.com/~r/TheBoyGeniusReport/~3/HIq0KONuPmE/

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