Saturday, July 30, 2011

PSC Approves AT&T/T-Mobile Buyout

  • {West Virginia}...The Public Service Commission has approved AT&T'S plan to purchase T-Mobile, a move that representatives say will let the company eventually bring high-speed "fourth-generation" wireless coverage to most West Virginians. The Commission ruled that the deal would not harm wireless competition in the state because T-Mobile has only 0.26 percent of the West Virginia market. AT&T, which sought PSC approval in April, says the deal will let it bring 4G access to 95 percent of West Virginians within the next four to six years. Federal regulators still must approve the $39 billion national purchase.