FCC to AT&T: Forget About It

[InfoGuru]

 The FCC has released a report attacking AT&T's proposal to buy T-Mobile as a damper on competition. The 157-page report was released on Wednesday, after the FCC accepted AT&T's move to withdraw its request for approval of the $39 billion deal. The report evaluates the impact the merger would have on competition in the wireless market. While AT&T argued that it would result in cost savings for consumers, the FCC claimed that it would give AT&T incentives to raise prices. The combined entity of AT&T and T-Mobile, plus Verizon, would that would greatly decrease competition, the agency said.

Attribution: CNET, ECTNews and TechCrunch.