Originally published: July 19, 2011
Last updated: July 19, 2011 - 6:57pm
Public Knowledge, an advocacy group, sent a letter to the Federal Communications Commission citing potential job losses as a reason to deny the proposed AT&T/T-Mobile merger.
The letter points to a recent report in The Wall Street Journal that found jobs in the wireless industry have decreased by 20 percent since 2006. "Since 2006, the industry has contracted significantly as AT&T merged with Cingular and Verizon merged with AllTel, along with numerous smaller mergers," PK wrote. "There is every reason to suppose that this merger would follow a similar pattern and allow the merged company to increase its 'efficiency' by cutting jobs."
According to AT&T, the transaction will create as many as 96,000 jobs.