Originally published: March 23, 2011
Last updated: April 28, 2011 - 10:31am
AT&T knows it’s likely to get regulators to clear its proposed $39 billion acquisition of T-Mobile. Eventually. But the company also knows that it won't be easy. Nor will it be cheap.
If last year's deal between Comcast and NBC Universal was any indication, AT&T will need to spend at least as much, if not more, than the $100 million Comcast reportedly spent lobbying Congress and regulators. AT&T already has a good head start. The company is one of the heaviest hitters in the nation’s capital, spending $15.4 million on lobbying in 2010, according to OpenSecrets.org; roughly 100 lobbyists work for the telecom giant.
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