Originally published: July 26, 2011
Last updated: July 26, 2011 - 8:20pm
Sen. Al Franken (D-MN) told federal regulators that they should deny AT&T's request to acquire T-Mobile because the merger would drive up prices for wireless customers and likely cost thousands of jobs.
In a filing sent to the Department of Justice (DOJ) and the Federal Communications Commission (FCC), Sen. Franken said the merger would be a bad deal for consumers, noting that some analysts predict that wireless costs could go up by as much as 25 percent as a result. He also said that the merger would further stifle competition in an already-concentrated wireless market and would allow only two companies-AT&T and Verizon-to control more than 80 percent of the market.
"This transaction is not in the public interest," Sen. Franken said in his filing. "If approved, it would result in greatly reduced competition, the potential loss of thousands of jobs, higher consumer prices, and less innovation in technology. I urge the FCC and the DOJ to deny AT&T's application for approval of its acquisition of T-Mobile."
- AFL-CIO asks Sen Franken to reconsider opposition to AT&T/T-Mobile deal
- AT&T/T-Mobile Hearing Recap
- Sen Klobuchar urges AT&T to make pro-consumer merger commitments
- Reaction to Justice's Move to Block AT&T/T-Mobile (Updated)
- Five Things Wrong with AT&T's Mega-Merger
- FCC, Justice Dept. roadblocks dim prospects for AT&T/T-Mobile merger
- FCC Has No Choice but to Reject AT&T Takeover of T-Mobile
- Groups Representing African Americans Support AT&T Merger Plan
- AT&T deal for T-Mobile deserves close scrutiny
- Sprint Files Suit to Block Proposed AT&T and T-Mobile Transaction
- Congress will Scrutinize AT&T|T-Mobile merger
- Additional AT&T|T-Mobile Coverage
- California's Greenlining Institute Opposes AT&T Merger
- AT&T Gets Chance To Fire Back At Critics In FCC Filings
- Public interest groups say AT&T interested in 'expanding their bad service at high prices'