The chairman of the Federal Communications Commission fired back at AT&T and T-Mobile on Tuesday, saying the agency’s decision to block the mobile giants’ merger won’t push up consumer prices.
In a speech at the CTIA wireless industry conference in New Orleans, Julius Genachowski said the FCC has approved many wireless deals in the past year. But AT&T and T-Mobile’s proposal for a $39 billion merger “simply proves that there is a line.”
The FCC rejected the merger in November over antitrust concerns, saying that the deal would curb competition and cut jobs.
Full Story: FCC chairman Genachowski fires back at AT&T, T-Mobile