FCC Chair Fires Back at AT&T CEO Over Pricing | Tech NEWS

Written by Tech NEWS

Topics: General

Federal Communications Commission chairman Julius Genachowski rejected the idea that the blocked T-Mobile USA acquisition will lead to higher pricers for consumers. AT&T CEO Randall Stephenson recently said that consumers will face higher prices now that the deal has been blocked. Speaking to attendees at the CTIA Wireless trade show, however, Genachowski said that by blocking the deal the wireless industry should see more competition, which should in turn lead to lower costs for consumers. Genachowski said that the FCC is not opposed to mergers, acquisitions, and consolidation, but said that AT&T’s attempt to purchase T-Mobile USA crossed the line.

Phone Scoop – Latest News

Related posts:

  1. AT&T CEO Warns of Higher Prices in Wake of T-Mobile Failure | Tech NEWS
  2. AT&T CEO: Blocking T-Mobile Deal Will Lead to Higher Prices | Tech NEWS
  3. Senators Task FCC to Find Alternate Spectrum for LightSquared | Tech NEWS

Disclaimer: This site contains posts from other blogs. Tech NEWS does not keep any copyrights for published posts and content. The validity of posts cannot be certified by Tech NEWS.