New York Attorney General to Investigate Proposed AT&T/T-Mobile Deal
If Sprint’s public and formal disapproval of AT&T’s proposed purchasing of T-Mobile for $39 billion wasn’t enough, New York attorney general Eric Schneiderman is looking to investigate the matter himself. He states his efforts will be to ensure that the New Yorkers he represents aren’t hit with unfair mobile price hikes due to the deal.
He’s said to scrutinize AT&T and T-Mobile’s reasonings behind the move. AT&T is confident that they can prove to the FCC and to any other unsure souls like Schneiderman that the deal would be better for everyone involved, consumers included.
An official buyout might not be approved for at least another year as the FCC needs to carefully review every detail and determine whether or not the move is healthy for the ecosystem. If an approval is made it might not affect consumers until at least another year after that. [via Reuters]