It seems some anonymous goon at the Federal Communications Commission (FCC) gave his professional opinion on the AT&T and T-Mobile merger. Needless to say he doesn’t think it’s going to fly without the FCC getting a couple pounds of flesh:
Speaking to The Wall Street Journal on Thursday, an anonymous Federal Communications Commission official said “there’s no way the chairman’s office [will] rubber-stamp” AT&T’s $39 billion acquisition of Deutsche Telecom-owned T-Mobile USA, and that the approval process will be “a steep climb at least.”
This could be taken as the FCC will likely block the merger. Personally I bet the FCC puts on a huge dog and pony show to demonstrate that they have the “best interests of consumers in mind” but will ultimately determine this merger good to go. Ma Bell is coming back baby!