The report quotes an FCC official as saying that the government regulator would not “rubber-stamp” the transaction and that AT&T (NYSE: T) would have a “steep climb to say the least.”
Working in AT&T’s favor is a long history as one of the top-spending lobbyists and campaign contributors in Washington, The Wall Street Journal reported last week. AT&T also has ties to influential lawmakers and policymakers in both parties, as well as the backing of Communications Workers of America, the union that represents thousands of AT&T workers.
AT&T has 3,710 employees in the Kansas City area.
Overland Park-based Sprint Nextel Corp. (NYSE: S) has said that the combination of the No. 2 and No. 4 U.S. mobile carriers would create a company three times the size of Sprint, in terms of customers, and that regulators should take a good look at the planned deal. Sprint is the nation’s third-largest wireless carrier but would become a distant third if the deal went through. ...
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