Ring one for President Obama

Surrender by AT&T is victory for consumers and regulators - chicagotribune.com: "In a move that would have been unimaginable under the Bush administration, which seemingly never met a corporate merger it didn't like, the Justice Department filed suit in August against AT&T on grounds that the deal with T-Mobile would result in "higher prices, fewer choices and lower-quality products for wireless services."

Not to be outdone, the FCC then took the virtually unprecedented step of publicly releasing a staff report in November that tore the merger to shreds.

AT&T and T-Mobile getting hitched "would substantially lessen competition and its accompanying innovation, investment, and consumer price and service benefits," the report concluded."

'via Blog this'