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[ NNSquad ] AT&T/T-Mobile withdraw merger application at FCC -- "temporarily"
AT&T/T-Mobile withdraw merger application at FCC -- "temporarily" http://j.mp/bnieNq (ars technica) AT&T will also take a pretax charge of $4 billion dollars in the fourth quarter of this year-a move which accounts for the "breakup fee" it owes Deutsche Telekom if the deal falls apart. Public Knowledge's Gigi Sohn, who has opposed the merger from the start, said today in a statement that "the chances that AT&T will take over T-Mobile are almost gone.... AT&T's move will, for the moment, prevent the FCC from making public its many, well-documented findings that the deal is not in the public interest and will prevent the judge overseeing the antitrust lawsuit from seeing the FCC's conclusions. Those findings would be the subject of the large and complex administrative hearing and process that AT&T would still need to survive in order to complete the $39 billion transaction." - - - "Maybe nobody will notice if we do this on Thanksgiving!" If the merger falls apart completely now, will they (a) try again later perhaps with a different administration? (b) try to get Congress to step in? (c) demand back the payoff money AT&T has been using to try bribe groups into supporting the merger? (d) report failure to Lord Vader and throw themselves at his mercy? Seriously, the big question is, what would the Germans do with T-Mobile USA sans the merger? --Lauren-- Lauren Weinstein (firstname.lastname@example.org): http://www.vortex.com/lauren Co-Founder: People For Internet Responsibility: http://www.pfir.org Founder: - Network Neutrality Squad: http://www.nnsquad.org - Global Coalition for Transparent Internet Performance: http://www.gctip.org - PRIVACY Forum: http://www.vortex.com Member: ACM Committee on Computers and Public Policy Blog: http://lauren.vortex.com Google+: http://vortex.com/g+lauren Twitter: https://twitter.com/laurenweinstein Tel: +1 (818) 225-2800 / Skype: vortex.com