If you have not already heard, AT&T is trying its darnedest to push through their acquisition of T-Mobile. They have been met with plenty of support and a fair share of obstacles. However, the Federal Communication Commission (FCC) has still not made a decision on approving or stopping the deal.
The chief of the FCC‘s Wireless Telecommunications hand, Rick Kaplan, has sent a letter to AT&T today requiring the carrier to show how a proposed merger between AT&T and T-Mobile will add jobs in the United States. It go without saying that when companies merge or takeover other companies then layoffs are usually sure to follow. The FCC is giving AT&T until the end of this month to respond and provide “all plans, analyses and reports discussing the creation or loss of jobs” in the event of their acquisition going through as planned. Could this be a sign that the FCC may not push such a merger through unless it can create a wealth of jobs? If that is the case, then a merger may not go through, because we see this deal as a job destroyer rather than a creator.