The Federal Communications Commission has begun circulating an order designating the proposed $39 billion acquisition of T-Mobile by AT&T for an administrative hearing. The move adds another obstacle to the deal, which is already facing lawsuit from the Justice Department.
Larry Solomon, senior vice president of Corporate Communications, AT&T said in a statement, “The FCC’s action today is disappointing. It is yet another example of a government agency acting to prevent billions in new investment and the creation of many thousands of new jobs at a time when the US economy desperately needs both.”
Solomon said that AT&T is currently “reviewing all options”