Gigi Sohn News
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Tom Wheeler, a venture capitalist and former lobbyist, moves toward a U.S. Senate hearing on his nomination to lead the Federal Communications Commission without stated support from the lawmaker who can most sway the process.
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The FCC’s move against AT&T Inc.’s $39 billion purchase of a smaller rival may signal tougher opposition to corporate mergers by the Obama administration.
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U.S. regulators preparing to auction airwaves craved by wireless providers to meet demand from data- hungry smartphones are facing a divisive choice: how much to devote instead to mobile service that can be free.
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A move to make it easier for companies to own U.S. daily newspapers and nearby broadcast stations has stalled amid partisan tension that could prevent deals between companies such as Tribune Co. and News Corp.
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AT&T Inc. ’s $39 billion purchase of T-Mobile USA, the biggest acquisition worldwide in almost a year, may take a year to gain regulators’ approval even if the carrier pledges to sell assets and expand rural coverage.
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AT&T Inc. Chairman Randall Stephenson lost $2.08 million in bonus pay after Democrats killed his bid to build the biggest mobile provider. Six weeks after the deal collapsed, he made his largest campaign donation in more than two decades of giving to Republicans.
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Representative Pete Olson and 99 fellow House Republicans signed a letter yesterday urging the Obama administration to resolve a government lawsuit and let AT&T Inc. buy T-Mobile USA Inc.
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Verizon Wireless won clearance from the U.S. Justice Department to buy unused airwaves from Comcast Corp. and other cable providers with conditions that limit the companies’ agreements to sell each other’s services.
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The U.S. move to block AT&T Inc.’s purchase of T-Mobile USA Inc. marks a rare Washington defeat for the largest U.S. phone company, a failure deal opponents called a triumph of antitrust analysis over lobbying muscle.
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U.S. senators said they are concerned that AT&T Inc. ’s proposed $39 billion purchase of T-Mobile USA Inc. will harm competition by further consolidating the nation’s wireless phone-carrier market.
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