Monday, November 20, 2006

AT&T Won't Budge

The Wall Street Journal (subscription):

AT&T Inc. expects to get approval of its $80 billion takeover of BellSouth Corp. from the Federal Communications Commission by the end of the year without having to make further concessions...

Negotiations between AT&T and the two FCC Democratic commissioners, Michael Copps and Jonathan Adelstein, who are refusing to vote in favor of the deal, are likely to restart in the next two weeks.

The fact that the company is publicly stating it won't likely make any further concessions in order to win over Commissioners Copps and Adelstein could make those negotiations difficult.