California public utilities commission investigating AT&Ts T-Mobile acquisition

The Public Utilities Commission in California will investigate AT&Ts planned acquisition of T-Mobile, The Wall Street Journal reported on Friday. The Sunshine state is one of three states that Sprint has asked to investigate the deal the other two are West Virginia and Louisiana. We believe a thorough investigation will reveal the negative implications for pricing, choice, and innovation critical to Californias economy, Sprints public affairs manager, John Taylor, said. Sprint is pleased that the commission will open up a proceeding to investigate the proposed takeover of T-Mobile by AT&T. AT&T originally filed its informal notice with Californias Public Utilities Commission on May 3rd, and Sprint protested the filing on May 19th when it asked for a review of the merger. The regulators will consider three options, one of which is a choice to notify AT&T that its purchase is not pre-approved after the standard 30-day time period after an application is submitted. Sprint has opposed the acquisition from day one, and its CEO Dan Hesse said the deal would stifle innovation in the U.S. wireless market.

[Via The Wall Street Journal, AllThingsD]

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