Merger Setbacks
What is this I'm hearing...Dow Jones News is stating that a Consumer group called Consumer Federation of American, is trying to slow the FCC's review...saying that the 6 months will not allow them enough time to analyze new info the FCC has given them? Any input on this?
Disclaimer, this is not an 85 Percent type claim...I would post a link for you all but I am unable to access the site at this time
Disclaimer, this is not an 85 Percent type claim...I would post a link for you all but I am unable to access the site at this time
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From what I have been told, everything is going ok and no setbacks have been reported.
Cingular and AT&T Wireless have been very open with the FCC and to ongoing merger so they should not be any delays (hopefully).
Cingular and AT&T Wireless have been very open with the FCC and to ongoing merger so they should not be any delays (hopefully).
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Oh it has nothing to do with the 2 companies but rather with one of the consumer agency who is processing the data...they are stating that it will take them long than the 6 month period to go thru and approve all the data
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Here's the article:
WASHINGTON-The proposed Cingular Wireless/AT&T Wireless merger apparently is going to get a lot more scrutiny from the U.S. Department of Justice in the coming days.
The agency has issued a request for highly detailed, extensive information on both carriers' customers, the amounts customers spend on various services and other significant market information in its review of the merger, say sources familiar with the inquiry.
The DOJ request comes as the FCC's deadline for less detailed information approaches. The commission had asked the companies -- in 12 pages worth of questions - to deliver their answers by this Friday.
The Justice Department request, say some in Washington, shows the merger is increasingly ...
(continues)
WASHINGTON-The proposed Cingular Wireless/AT&T Wireless merger apparently is going to get a lot more scrutiny from the U.S. Department of Justice in the coming days.
The agency has issued a request for highly detailed, extensive information on both carriers' customers, the amounts customers spend on various services and other significant market information in its review of the merger, say sources familiar with the inquiry.
The DOJ request comes as the FCC's deadline for less detailed information approaches. The commission had asked the companies -- in 12 pages worth of questions - to deliver their answers by this Friday.
The Justice Department request, say some in Washington, shows the merger is increasingly ...
(continues)
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sounds more like an inept watchdog group just trying to convince the FCC to be paranoid. That group has no real say in what the fcc approves or disapproves. the fcc is perfectly capable of handling this without some LOBBY group trying to persuade them. Remember, just recently, when VZW threatened legal criminal action against the FCC if they gave nextel their spectrum? The FCC has more power than ALL THE WIRELESS COMPNIES COMBINED. they know what they are doing.
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If that is the case then I would have to agree...but it actually looks that group is actually doing work for the FCC and is stating that it will take them longer than the 6 month period in order to go thru all the information and approve it....at least thats what I'm getting from the article
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