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Thursday, 28 July 2011 - AT&T's T-Mobile plan gets boost from states |
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Wed, Jul 27 2011 Surveillance video captures Norway blast Wed, Jul 27 2011 DSK maid lawyer talks 3:44am EDT AT&T's T-Mobile plan gets boost from states Tweet Share this Email Print Related News Louisiana regulator votes in favor of AT&T/T-Mobile merger Wed, Jul 27 2011 Exclusive: SEC builds new tips machine to catch the next Madoff Wed, Jul 27 2011 Nasdaq chief dampens merger speculation Wed, Jul 27 2011 Senator Al Franken urges rejection of AT&T T-Mobile deal Tue, Jul 26 2011 UPDATE 2-U.S. Senator urges rejection of AT&T T-Mobile deal Tue, Jul 26 2011 Analysis & Opinion U.S. lawmakers find something to agree on: endangered species The one-instrument orchestra Related Topics Technology » Deals » 2011 Q2 » Global Deals Review - Parent folder » Inflows Outflows » By Jasmin Melvin WASHINGTON | Wed Jul 27, 2011 7:21pm EDT WASHINGTON (Reuters) - AT&T Inc's (T.N) $39 billion plan to acquire Deutsche Telekom AG's (DTEGn.DE) T-Mobile unit got support from a Louisiana regulator and 11 state attorneys general on Wednesday. The Louisiana Public Service Commission, which regulates public utilities and transportation in the state, said it voted 4-1 to approve the merger, after staff found nothing to suggest the wireless deal was contrary to the public interest. Separately, 11 state attorneys general wrote to the U.S. Justice Department and the Federal Communications Commission in support of the transaction that would vault the combined companies ahead of current market leader Verizon Wireless. Attorneys general from Arkansas, Utah, Alabama, Georgia, Kentucky, Michigan, Mississippi, North Dakota, South Dakota, West Virginia and Wyoming said they believed the merger would bring better service and faster data speeds. They asked for merger-specific conditions to protect competition and the public interest without delaying the merger, according to a news release from the Arkansas AG's office. A statement by the Utah attorney general said the merger may raise competitive concerns in some discrete local markets and the AGs asked for targeted remedies in those cases. The ultimate decision on the deal rests with the Justice Department, that is conducting an antitrust review, and the FCC, which is weighing whether the transaction is in the public interest. The merger would concentrate 80 percent of the U.S. wireless market in just two companies -- AT&T/T-Mobile and Verizon Wireless, a venture of Verizon Communications (VZ.N) and Vodafone Group Plc (VOD.L). AT&T argues that the purchase of T-Mobile will help it expand faster service to more customers. Critics charge that less competition will increase prices and limit consumer choice. AT&T's top lawyer welcomed the position of the 11 state attorneys general. "Their call for federal regulators to expeditiously review and approve the merger further builds on our unprecedented nationwide support from federal, state and local elected officials, national unions, non-profit organizations, and high-tech and venture capital firms," said Wayne Watts, AT&T's senior executive vice president and general counsel. But some prominent U.S. lawmakers and competitors have come out against the deal, including Senator Herb Kohl, chairman of the U.S. Senate's antitrust subcommittee. Third-ranked U.S. wireless carrier Sprint Nextel (S.N) has said AT&T should use the money it plans to pay for T-Mobile to improve its network without removing a national competitor. Sprint spokesman John Taylor said the Louisiana commission's decision was simply not to oppose AT&T's takeover and to instead defer to the FCC -- "far from the ringing endorsement AT&T sought." (Reporting by Jasmin Melvin; Editing by Tim Dobbyn) Technology Deals 2011 Q2 Global Deals Review - Parent folder Inflows Outflows Related Quotes and News Company Price Related News Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (2) Vertigo wrote: We already knew that Verizon had purchased a number of state legislators. Apparently they let AT&T work on the state Attorneys General. In this area, Southern California, AT&T have paid for a series of television spots that are pure propaganda pieces. They tout what a wonderful world this will be if they can just merge with T-Mobile. To the contrary, After several consecutive contracts with T-Mobile we just switched our service to Virgin Mobile which runs on Sprint’s network. Better network, better phone, vastly better value. Could not be happier. Jul 27, 2011 5:56pm EDT  --  Report as abuse Whittier5 wrote: WHY would the AGs get involved?? What telecoms have contributed to their campaign coffers. Any reasonable person would know that the best situation of all would be for T-Mobile to remain a separate provider. The 2nd best situation would be for T-Mobile to be acquired by Sprint/Nextel. The WORST outcome would be acquisition by AT&T for so many reasons. Jul 27, 2011 9:37pm EDT  --  Report as abuse See All Comments » Add Your Comment Social Stream (What's this?)   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Mobile Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Contact Us Advertise With Us Connect with Reuters Twitter   Facebook   LinkedIn Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electric trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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