AT&T’s Purchase of T-Mobile May Spur More Industry Regulation
Written by administrator on August 17th, 2011
AT&T’s Purchase of T-Mobile May Spur More Industry Regulation
News from Bloomberg:
AT&T Inc. (T)’s pursuit of U.S. government approval for its proposed $ 39 billion purchase of T- Mobile USA Inc. may lead to more regulation for the telecommunications industry.
If the Federal Communications Commission and the Justice Department sign off on the transaction, they could require AT&T and Verizon Wireless to keep prices from rising, said Carl Howe, an analyst at Yankee Group, a Boston-based research firm.
Regulators also might create a new mobile service provider by combining smaller competitors or requiring the combined AT&T- T-Mobile to sell part of its customer base to a mobile virtual network operator such as TracFone Wi…………… continues on Bloomberg
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Related News:
Verizon ad citing pay of $ 85000 is disputed
News from Boston Globe:
Verizon Communications Inc. has taken its battle with 45,000 striking union employees to the public by running ads about how well paid its Boston technicians are, with $ 85,000 in annual pay, four weeks’ paid vacation, and $ 51,000 in total benefits to an employee and family members.
Yet what Verizon does not say is that the $ 85,000 includes overtime pay. Union officials contend technicians in Boston would have to work the equivalent of two months of overtime to earn $ 85,000 a year.
Moreover, the workers won’t be getting $ 51,000 in combined benefits if Verizon has its way in contract talks. The company is seeking substantial concessions on that front, including freezing pens…………… continues on Boston Globe
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Tags: AT&T's, Industry, more, purchase, Regulation, Spur, TMobile
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