Calif. Agency Probes AT&T's $39B T-Mobile Buy

Law360, New York (June 10, 2011, 12:25 PM EDT) -- California's influential Public Utilities Commission on Thursday opened a formal probe into AT&T Inc.'s proposed $39 billion acquisition of T-Mobile USA Inc., noting that the deal would give the combined company 47 percent of the Golden State's wireless market.

The CPUC made the move after asking for public comment last month and said its investigation would follow an “aggressive timeline” with an October target date for deciding "whether to apply any conditions that would mitigate any California-specific effects of the merger."

In March, AT&T revealed plans...
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