Earlier in the year, AT&T decided to bid for the acquisition of T-Mobile. If approved, the merger would be effective next year. Although it appeared that the merger was definite, the FCC decided to go on a month long hiatus, putting the bid on hold. Now the FCC has started the "clock" which runs for a total of 180 days.The FCC reviewed the case for 83 days before the clock was stopped. Why was the clock stopped? AT&T was asked to provide more information to dispute arguments that its bid for T-Mobile would create an anticompetitive market. According to AT&T, one reason for the merger would be to provide better service to customers. With the remaining days left on the clock, the FCC has to make a crucial decision regarding the acquisition and bear the consequences for its effects on the market. No matter what decision they make, some people will be happy about it and some will not. 
Friday, August 26, 2011
Commence The Bid...Again
Earlier in the year, AT&T decided to bid for the acquisition of T-Mobile. If approved, the merger would be effective next year. Although it appeared that the merger was definite, the FCC decided to go on a month long hiatus, putting the bid on hold. Now the FCC has started the "clock" which runs for a total of 180 days.The FCC reviewed the case for 83 days before the clock was stopped. Why was the clock stopped? AT&T was asked to provide more information to dispute arguments that its bid for T-Mobile would create an anticompetitive market. According to AT&T, one reason for the merger would be to provide better service to customers. With the remaining days left on the clock, the FCC has to make a crucial decision regarding the acquisition and bear the consequences for its effects on the market. No matter what decision they make, some people will be happy about it and some will not. 
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