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Submitted: May 27, 2011 - 8:58am
Last updated: May 27, 2011 - 4:04pm
Last updated: May 27, 2011 - 4:04pm
Source:
Wall Street Journal
Author:
Shayndi Raice
Location:
California Public Utilities Commission, 505 Van Ness Avenue, CA, 94102, United States
California state regulators moved to launch an investigation of AT&T's proposed $39 billion acquisition of T-Mobile USA, opening another front in the battle over the controversial deal.
AT&T has notified five states that it is seeking to acquire T-Mobile USA and asking that those states not oppose or investigate the deal.
In three of those states, California, West Virginia and Louisiana, Sprint has requested that the states open a formal investigation. Louisiana's public utility commissioners have signaled they would like to investigate the deal. California's size gives the state more clout, however.
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