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Financial Analysts Note Range Of Support For Wireless Merger Financial Analysts Note Range Of Support For Wireless Merger

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Financial Analysts Note Range Of Support For Wireless Merger

Analysts at an influential financial counseling firm say there were few surprises in petitions filed on Tuesday at the Federal Communications Commission asking the agency to block AT&T's proposed takeover of T-Mobile.

"The opposition filings largely amplify arguments that were previewed in the press and congressional testimony, with an emphasis on arguing that the merger would create a tipping point for a wireless duopoly and challenging AT&T's core claim that they need to acquire T-Mobile in order to resolve capacity constraints," researchers for Baltimore-based Stifel, Nicolaus & Company wrote in an analysis released Wednesday.

The firm identified a series of demands made by critics of the merger, including a need for spectrum divestitures, regulation of wireless roaming, special access, and handset access.

Officials at AT&T are delighted that a wide range of groups have come out in support of the $39 billion deal. Among the supporters are labor and education groups; advocates for minorities and people with disabilities; a string of state governors; companies like Microsoft and Corning; and the Sierra Club.

Stifel Nicolaus cautioned that the most influential parties may be responding confidentially to the Department of Justice.

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