AT&T CEO Says T-Mobile Merger Benefits Consumers

Law360, New York (May 26, 2011, 2:01 PM EDT) -- AT&T Inc.'s chief executive told a congressional panel Thursday that his company's proposed $39 billion tie-up with T-Mobile USA Inc. would benefit consumers — especially in rural America — and drive competition and innovation in the industry.

The deal has unleashed a flurry of antitrust concerns since it was announced March 20. It calls for AT&T to pay $25 billion in cash to Deutsche with the balance to be paid using AT&T common stock in a deal that would transfer 33.7 million T-Mobile customers to AT&T...
To view the full article, register now.