FCC Chief Gives AT&T/BellSouth Merger Thumbs Up
Inside sources told the Associated Press last week that FCC Chairman Kevin Martin planned to recommend the unconditional approval of AT&T’s Inc.’s planned purchase of BellSouth Corp. for $67 billion. The merger would create the largest telecommunications company in the world, and give AT&T full control of Cingular Wireless. Martin’s endorsement precedes the conclusion of a Justice Department investigation into the effects of such a deal on the public interest.
The plan to merge the two companies was announced in March of this year, at which time AT&T Chairman and CEO Edward E. Whitacre Jr. said, “We are confident that this is a merger we can execute, based on our track record with previous integrations and our experience working closely with BellSouth to create and build Cingular Wireless, and operate Yellowpages.com.”
The Justice Department is still investigating challenges to two previous telecom buyouts: SBC Communications Inc.’s purchase of the old AT&T Corp. and Verizon Communication Inc.’s purchase of MCI Inc.
David Thomas, CEO at Evident, is an accomplished cybersecurity entrepreneur. He has a history of introducing innovative technologies, establishing them in the market, and driving growth – with each early-stage company emerging as the market leader.