FCC chairman comes out against AT&T's T-Mobile buy
The chairman of the Federal Communications Commission doesn't believe that AT&T's proposed $39 billion deal to acquire T-Mobile USA is in the public interest. And he's asking the other four commissioners to approve an administrative hearing, in which AT&T would have to prove otherwise.
The Wall Street Journal first reported on Tuesday that Chairman Julius Genachowski was considering such action.
The move by the chairman would put yet another hurdle in the way of the merger, which is already being challenged by the U.S. Department of Justice. The DOJ has filed a … Read more