FCC approves mergers with some restrictions

As expected, the FCC has finally given the OK to SBC's $18 billion merger with AT&T and Verizon's $8.5 billion acquisition of MCI. Rumors peg last week's delay as an attempt to bring the two Democratic commissioners aboard for approval. SBC and Verizon will still have to offer naked DSL and freeze prices on their wholesale access to other providers. The restrictions also include vague language about neutrality clauses and MCI not breaking any peer arrangements. FCC Chairman Kevin Martin said he knew that some have expressed antitrust concerns about these mergers, but the DOJ's restrictions will take care of those.

For more on the FCC's approval of the big mergers:
- see this piece from the Register

Suggested Articles

AT&T is surprisingly spending less on capex in 2020 than it did in 2019. And the other big carriers haven't predicted big capex boosts for 5G.

CWA over the weekend struck a new tentative contract agreement with AT&T covering more than 8,000 workers.

McKinsey estimates by 2030 high-band 5G roll outs will cover 25% of the global population, costing $700 billion to $900 billion.