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AT&T chief lambasts FCC
Monday, 30 January 2012 07:22

AT&T Inc. Chief Executive Randall Stephenson didn’t hold his punches against the Federal Communications Commission (FCC) in a recent conference call. After watching his $39 billion bid for T-Mobile USA going up in smoke last year under regulatory pressure, Stephenson based the telco’s Q4 earnings as a chance to criticise the agency. He said the FCC was posing as a hurdle to industry growth by refusing to auction off new licenses for mobile spectrum. "The FCC is intent on picking winners and losers rather than letting these markets work," said Stephenson."Growth cannot continue without more spectrum being cleared and brought to market. And despite all the speeches from the FCC, we're all still waiting." AT&T opined the spectrum it would have got had the T-Mobile deal gone through would have been the best way to expand high-speed mobile broadband to Americans. But the company’s rivals felt that AT&T has excess spectrum it is not using and, last month, AT&T got FCC approval to buy about $2 billion worth of spectrum from Qualcomm Inc. An FCC spokesman said the agency had approved over 300 mobile transaction applications in the past two years, including the Qualcomm deal."Unfortunately these facts were completely ignored in the conference call," said the spokesman, Neil Grace.

 

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