Jim Cicconi News
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President Barack Obama named Tom Wheeler, a venture capitalist and former leader of cable and wireless trade groups, to head the U.S. Federal Communications Commission, where he may focus on nurturing mobile technology.
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The U.S. telephone network the Bell System built and ran for almost a century is dying, replaced by technology that propels Internet messages. Rules underpinning that old order should expire with it, AT&T Inc. says.
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AT&T Inc.’s top Washington executive said he’s “troubled” that Federal Communications Commission Chairman Julius Genachowski wants his agency to keep its power to set terms for auctions to free airwaves for smartphones.
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AT&T Inc. said the Federal Communications Commission misinterprets market analysis and “cherry-picks facts” in concluding that the company’s bid for T-Mobile USA Inc. fails to serve the public interest.
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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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Banca Monte dei Paschi di Siena SpA, Italy’s third-biggest bank, ruled out a share sale or a request for state aid to meet capital requirements set by the European Banking Authority.
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AT&T Inc. may be questioned at a federal court hearing in Washington on whether it plans to move ahead with its proposed $39 billion purchase of T-Mobile USA Inc. in the face of growing resistance from U.S. regulators.
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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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AT&T Inc. has spoken more frequently than any other company with U.S. officials as they near a decision on rules that may restrict how carriers offer mobile Internet service, according to regulatory filings.
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Sprint Nextel Corp. Chief Executive Officer Dan Hesse said the company plans to submit its concerns over AT&T Inc.’s proposed acquisition of T-Mobile USA to Congress, saying the deal hurts the wireless industry.
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