Deals
AT&T Readies New Data on T-Mobile Bid, Prompting FCC to Add Time
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Regulators gave themselves more time to review AT&T Inc.’s proposed $39 billion purchase of T-Mobile USA Inc., citing new economic assessments from AT&T about the deal’s public benefits.
The Federal Communications Commission stopped the clock yesterday on its 180-day informal timeline to complete the review of the acquisition, according to a letter posted on its website. The FCC expects to receive AT&T’s new assessments on July 25 and will restart the clock once the information has been received and third parties “have a meaningful opportunity to comment on the submission,” the letter said.