AT&T has faced ample opposition to its pending acquisition of T-Mobile USA.
But at least the Dallas-based giant doesn’t have to count its rival Verizon Communications Inc. as a critic.
Verizon Chief Financial Officer Francis Shammo said last week that his company isn’t opposed to the merger between AT&T and T-Mobile USA as long as it is approved without additional regulation from the Federal Communications Commission, The Wall Street Journal reported.
"We have been very silent on this one. The reason we’ve been silent we said there needs to be consolidation and as long as there is consolidation without regulation we don’t have an objection to it," The Journal quoted Shammo as stating at the Morgan Stanley TMT Conference in Barcelona.
That the FCC would approve the merger without imposing any conditions is an unlikely scenario. The deal is mired in litigation, and a federal judge next year could move to block the $39 billion transaction in an antitrust case that the U.S. Department of Justice has brought against AT&T.
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May 18 2018 @ 20:40:07 UTC