FCC Fires Back at AT&T Over T-Mobile Job Cuts
The Federal Communications Commission rejected the idea, put forth by AT&T, that job cuts at T-Mobile are a sign that regulators should have allowed its megadeal to proceed.
“In a short period of time, T-Mobile has re-emerged as a vibrant competitor in the mobile marketplace,” an FCC representative said. “Competition benefits all wireless consumers. The bottom line is that AT&T’s proposal to acquire a major competitor was unprecedented in scope and the company’s own confidential documents showed that the merger would have resulted in significant job losses.”