FCC to Grant AT&T's Paperwork Pull-Out Request
Nov 29, 2011, 4:05 PM by Eric M. Zeman
updated Nov 29, 2011, 5:22 PM
The Federal Communications Commission had decided to allow AT&T to withdraw its T-Mobile acquisition proposal. In a press call held Tuesday afternoon, the FCC said that is decided that allowing AT&T to withdraw its request was the right thing to do. It reiterated that AT&T and Deutsche Telekom failed to show that the benefits of the transaction outweighed the harms. The FCC also said that it will be releasing its report on the proposed acquisition to the public later today. The FCC said its report will also be given to the Department of Justice so that it may be used in the lawsuit against AT&T. With this matter behind it, AT&T will be able focus its efforts on the pending Department of Justice lawsuit regarding the proposed merger rather than struggling over paperwork with the FCC. The next hearing in the Justice Department case is scheduled for December 9, though the trial will not kick off until February 2012.
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