| | Tuesday, November 29, 2011 3:52:26 PM | TECHNOLOGY NEWS ALERT | | | The Federal Communications Commission is expected on Tuesday to accept the withdrawal of AT&T and T-Mobile's merger application, clearing the way for the companies to concentrate on their separate antitrust battle with the Justice Department. The companies hope to win their federal lawsuit against Justice and then reapply for their merger with the FCC. The chairman of the FCC last week decided to send the wireless firms' application to an administrative hearing, after finding the deal would harm the public through job losses and higher consumer prices. The move would place greater scrutiny on the deal and almost certainly make it impossible for the companies to reach their goal of closing the merger by September 2012.
Read more at: http://www.washingtonpost.com/blogs/post-tech/post/fcc-to-accept-withdrawal-of-atandt-t-mobile-merger/2011/11/29/gIQAKg8a9N_blog.html
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