Let the congressional scrutiny of the proposed $39 billion combo of AT&T and T-Mobile begin . . .
The Senate Judiciary Antitrust Subcommittee, headed by Sen. Herb Kohl, D-Wis., has scheduled the first of several congressional hearings examining the implications of AT&T's planned acquisition of T-Mobile.
The hearing, entitled "The AT&T/T-Mobile Merger: Is Humpty Dumpty Being Put Back Together Again?" is set for Wednesday, May 11 at 10:15 a.m., in the Dirksen Senate Office Building.
The megadeal would catapult AT&T, which trails Verizon as the nation's second largest wireless provider, to the number one spot.
Some analysts have predicted that the transaction could face tough challenges, because it would remove the fourth biggest nationwide wireless carrier (T-Mobile) from the marketplace. The companies are promising wider access to superfast 4G connectivity and other new services if permitted to combine. The deal requires approval from both the FCC and Justice Department.
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