AT&T, T-Mobile Accused Of Hiding Info On $39B Deal

Law360, New York (October 4, 2011, 6:30 PM EDT) -- Consumer advocacy group Public Knowledge on Tuesday accused AT&T Inc. and T-Mobile USA Inc. of taking advantage of the Federal Communications Commission's confidentiality rules in order to keep certain details of their proposed $39 billion merger under wraps.

In a letter sent to the FCC, Public Knowledge said the two telecom giants have abused the agency's process for protecting competitively sensitive information, putting significant details about their deal including economic models used to justify the takeover of T-Mobile behind a "cloak of secrecy" that keeps the...
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