A Telecom Mega-Merger Without Rules
The push by AT&T and BellSouth to merge their telecommunications businesses in a $78 billion deal moved one step closer to reality this week.
The Justice Department approved the plan without imposing any conditions on it. It said the presence of other competitors, changing regulatory requirements and the emergence of new technologies warranted the ruling.
But the FCC's two Democratic commissioners harshly criticized the decision, and their desire for conditions on the deal delayed debate at the agency by at least a day. The FCC is tentatively scheduled to consider the merger proposal today.
Also in the news this week, former Virginia Gov. Mark Warner announced that he will not seek the presidency in 2008. And the FTC charged two real-estate groups with hindering competition from online property brokerages.
Listen to the podcast for details of those stories and more.
The Justice Department approved the plan without imposing any conditions on it. It said the presence of other competitors, changing regulatory requirements and the emergence of new technologies warranted the ruling.
But the FCC's two Democratic commissioners harshly criticized the decision, and their desire for conditions on the deal delayed debate at the agency by at least a day. The FCC is tentatively scheduled to consider the merger proposal today.
Also in the news this week, former Virginia Gov. Mark Warner announced that he will not seek the presidency in 2008. And the FTC charged two real-estate groups with hindering competition from online property brokerages.
Listen to the podcast for details of those stories and more.
posted by Technology Daily at 10/13/2006 08:19:00 AM
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