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FCC Issues Report Against AT&T, T-Mobile Merger
2011-11-30 09:33:27

The Federal Communications Commission (FCC) on Tuesday allowed AT&T to withdraw its proposed $39-billion takeover of T-Mobile USA from their approval process, and separately issued a staff report concluding that a merger between AT&T and T-Mobile USA would have resulted in huge job losses and less competition in the wireless market. The 109-page report showed AT&T had not demonstrated that the merger´s public benefits “would substantially lessen competition and its...

No Deal For AT&T, T-Mobile
2011-11-25 14:37:32

UPDATE (11.24.11 - 14:37PM CST) -- According to reports, AT&T has now fully withdrawn its request to the Federal Communications Commission (FCC) to acquire T-Mobile USA for $39 billion. AT&T said that it does not need the FCC's permission to back out of the application.  Both AT&T and T-Mobile withdrew their merger applications from the FCC, and the New York Times reported that the agency would "consider the request." "We have every right to withdraw our merger from the...

2011-03-22 00:00:27

AT&T said Sunday it has agreed to purchase T-Mobile USA in a $39 billion acquisition "“ a move that surprised the industry and is sure to be scrutinized by federal regulators. The following statements by technology and telecommunications experts at The Heartland Institute may be used for attribution. Chicago, IL (Vocus/PRWEB) March 21, 2011 AT&T said Sunday it has agreed to purchase T-Mobile USA in a $39 billion acquisition "“ a move that surprised the industry and is...

2009-10-13 16:08:00

Divestitures in Eight Cellular Marketing Areas Will Preserve Competition for Mobile Wireless Customers in Louisiana and Mississippi WASHINGTON, Oct. 13 /PRNewswire-USNewswire/ -- The Department of Justice announced today that it will require AT&T Inc. (AT&T) to divest assets in eight areas in Louisiana and Mississippi in order to proceed with its $944 million acquisition of Centennial Communications Corp. (Centennial). The Department said that the transaction, as originally...

2008-09-02 15:00:07

A leading figure in the break-up of U.S. phone giant AT&T, Vernon Orville Wright, has died of kidney failure at age 87, a source said. Wright led MCI Communications during its transition from a start-up into a company large enough to persuade the Justice Department to file an anti-trust suit against AT&T. The suit, after 10 years of court battles, resulted in the break up of "Ma Bell" into seven regional "Baby Bell" companies in 1984, The Washington Post reported Tuesday. Wright,...

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2008-07-19 00:05:00

KANSAS CITY, Mo. -- Class-action lawsuits alleging that AT&T engaged in a price-fixing conspiracy with other long-distance carriers will go forward after a federal judge refused to throw out the plaintiffs' antitrust claims. After denying AT&T's motion to grant it summary judgment last month, U.S. District Judge John Lungstrum on Thursday rejected AT&T's request to reconsider his order. The long-running case comprises dozens of class-action lawsuits that were filed...

2008-07-16 03:00:19

By Jim DeBrosse Staff Writer AT&T's entry this week as a major competitor for Time Warner is just the beginning of the growing telecommunication choices for consumers in Ohio and the Dayton area. More than 30 franchises have been approved by the Ohio Department of Commerce to offer video services in the state since the Video Competition Act was signed into law last June. The act was aimed at attracting competitors to the state by granting them a single franchise to provide television...

2006-07-12 11:17:34

WASHINGTON (Reuters) - A U.S. judge on Wednesday said he had doubts about government settlements reached last year that permitted SBC Communications to buy AT&T, and Verizon Communications to acquire MCI Inc. to proceed. U.S. District Judge Emmet Sullivan said at a hearing that the Justice Department would have to demonstrate that the antitrust settlements reached with the companies went far enough to resolve concerns about competition. "I have doubts about that," he said at the...

2006-03-05 15:27:40

By Jessica Hall and Jeremy Pelofsky PHILADELPHIA/WASHINGTON (Reuters) - AT&T Inc. said on Sunday it would buy BellSouth Corp. for $67 billion to expand its reach into the southeastern United States and acquire the rest of Cingular Wireless it does not already own. BellSouth shareholders will receive 1.325 shares of AT&T common stock for each common share of BellSouth. Based on AT&T's closing stock price on March 3, that equals $37.09 per BellSouth common share, a...


Word of the Day
sough
  • A murmuring sound; a rushing or whistling sound, like that of the wind; a deep sigh.
  • A gentle breeze; a waft; a breath.
  • Any rumor that engages general attention.
  • A cant or whining mode of speaking, especially in preaching or praying; the chant or recitative characteristic of the old Presbyterians in Scotland.
  • To make a rushing, whistling, or sighing sound; emit a hollow murmur; murmur or sigh like the wind.
  • To breathe in or as in sleep.
  • To utter in a whining or monotonous tone.
According to the OED, from the 16th century, this word is 'almost exclusively Scots and northern dialect until adopted in general literary use in the 19th.'
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