At&t expects T deals to be approved in the first quarter of next year

Source: Internet
Author: User
Keywords Next year approved
Sina Science and technology news Beijing time, June 22 morning, At&t said in Tuesday, the company's total t US $39 billion of the acquisition is expected to be approved in the first quarter of 2012.  At&t General Counsel Wien Wotz (Wayne Watts) said in Tuesday that regulators ' scrutiny of the deal was based on objective facts and "fully in line with our expectations". The company has submitted a second set of data to the U.S. Department of Justice and has studied the objections to the deal. The review period, organized by the Federal Communications Commission (FCC), ended on Monday. Watts said: "The review period is over, and I can tell you that nothing in the process is unexpected."  "The deal needs to be approved by the FCC and the U.S. Department of Justice, and it is possible to concentrate 80% of US mobile users in two companies--at&t and T United States merged companies, and Verizon Wireless (hereinafter" Verizon ").  At&t that the merger is a necessary step in improving the quality of service in the short term, so that it can upgrade the network that has been criticized by users, thus reducing the rate of drop and increasing the speed of data transmission.  At&t is committed to expanding the 4G wireless network to 97% of the U.S. population.  In addition, t the US has said it is difficult to continue to remain competitive in the US market because Deutsche Telekom, its parent, cannot provide enough money to cope with the growth in data use. Watts dismissed criticism of the merger, including accusations that At&t would hoard the spectrum and create a duopoly with Verizon. While mobile operators offer nationwide services, the packages and contracts are purchased locally, he said.  He was confident that regulators would examine each market as a unit. "There are a lot of competitors in many markets, so even after the deal is complete, there will be more than 4 competitors in the market."  Watts said. Watts declined to comment on what conditions regulators would attach to the deal or what additional conditions at&t would accept. "This is not a question that we should consider now, and our focus now is to get the deal approved." "he said. (PEI)
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