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June 10th, 2011 4:12 pm
California Tries to Block AT&T, T-Mobile Deal

Those wacky California bureaucrats are at it again!  Reporting by the Wall Street Journal says that Golden State regulators “moved ahead Thursday with an investigation into AT&T Inc.’s $39 billion purchase of T-Mobile USA, raising a fresh hurdle for the U.S. wireless giant as it seeks the government’s blessing to acquire its third-largest competitor.”

The report goes on to explain that AT&T doesn’t need California’s blessing, only a green light from the Federal Communications Commission (FCC).  Nonetheless, California’s objection could “carry weight” with the FCC’s board of governors, potentially scuttling the merger.  Not bad for a group of regulators with zero jurisdiction over the matter.

With California staring at a multi-billion dollar deficit, perhaps this is the kind of government agency whose funding should be cut – or eliminated.

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