Friday, December 15, 2006

AT&T Off the FCC's Agenda for Now

Washington Post:

Federal Communications Commission Chairman Kevin J. Martin said yesterday he did not know how soon it would consider AT&T's proposed $86 billion acquisition of BellSouth after the deal was left off the agenda for Wednesday's meeting because of a continuing stalemate between the commission's Republican and Democratic members.

Martin, an advocate of the merger, told reporters he was "anxious" to set a date for the vote, which would create the country's largest provider of telephone, wireless and broadband services. AT&T and BellSouth have waited more than seven months for the commission to act despite Martin's efforts earlier this year to win quick approval of the transaction without conditions.