John Navas
10-11-06, 11:59 AM
\<http://www.thestreet.com/_googlen/newsanalysis/techtelecom/10314330.html>
AT&T's proposed merger with BellSouth sailed through the federal
antitrust review.
The Justice Department says it found nothing anticompetitive about
the combination of two of the nation's largest telcos.
Now, the next regulatory clearance for the deal is expected to come
tomorrow from the Federal Communications Commission.
The blessings from regulators come despite a request by lawmakers to
delay the moves.
Last month, Reps. James Sensenbrenner, R-Wis., and John Conyers,
D-Mich. -- the Republican chairman and ranking Democrat of the House
Judiciary Committee -- asked antitrust regulators to wait on a merger
approval until a federal judge has cleared two prior telco mergers.
A federal district court judge in Washington is still hearing
arguments on whether the mergers between SBC and AT&T, as well as
Verizon (VZ - commentary - Cramer's Take) and MCI are in the public
interest.
The lack of complications and onerous conditions attached to the
Justice Department's approval, plus early signs that the FCC wasn't
looking to make any demands, was seen as a good sign by some Wall
Streeters.
[MORE]
AT&T's proposed merger with BellSouth sailed through the federal
antitrust review.
The Justice Department says it found nothing anticompetitive about
the combination of two of the nation's largest telcos.
Now, the next regulatory clearance for the deal is expected to come
tomorrow from the Federal Communications Commission.
The blessings from regulators come despite a request by lawmakers to
delay the moves.
Last month, Reps. James Sensenbrenner, R-Wis., and John Conyers,
D-Mich. -- the Republican chairman and ranking Democrat of the House
Judiciary Committee -- asked antitrust regulators to wait on a merger
approval until a federal judge has cleared two prior telco mergers.
A federal district court judge in Washington is still hearing
arguments on whether the mergers between SBC and AT&T, as well as
Verizon (VZ - commentary - Cramer's Take) and MCI are in the public
interest.
The lack of complications and onerous conditions attached to the
Justice Department's approval, plus early signs that the FCC wasn't
looking to make any demands, was seen as a good sign by some Wall
Streeters.
[MORE]