FCC Grills AT&T On Proposed T-Mobile Acquisition
Yesterday, the Federal Communications Commission, better known as the FCC, requested for more information from AT&T regarding their acquisition of T-Mobile. Specifically, AT&T’s supposed commitment to roll out high-speed wireless services to 97% of Americans. An AT&T spokesman had this to say,
“Requests from the FCC staff for additional information are to be expected given the detailed review they are undertaking. In this case, the FCC is seeking supplemental information on our commitment, following merger approval, to bring 4G LTE mobile broadband to 97 percent of all Americans.”
Not sure if this is a coincidence but this request comes after AT&T’s “fail” last week where they accidentally included confidential information in a letter they sent to the FCC. This confidential information (that was later removed) showed AT&T could expand their network for only $3.8 billion, roughly a tenth of the $39 billion they’re paying to acquire T-Mobile. Apparently this information was only “theoretical.” Not so sure I believe that.
[Via Reuters]