May 26, 2011 11:57 PMSubcommittee on Intellectual Property, Competition, and the Internet of the House Judiciary Committee held a hearing on the effects of the proposed AT&T/T-Mobile merger. The CEOs of AT&T and Deutsche Telecom both testified, as did several other parties who either opposed or supported the proposed merger.
"Vertical" issues (how the post-merger firm could limit access to inputs needed by competitors) dominated the questioning. However, this being a "horizontal" merger, the witnesses for the merging parties had to keep referring the questioners to FCC proceedings.
Earlier this week, I published a post that referred to most arguments opposing the merger as being essentially frustrations over regulatory complaints that are best resolved by the FCC--as opposed to merger-specific concerns that would not be exist, absent the merger. The Rural Cellular Association ("RCA") witness, for the most part, made me look like a psychic.
Continue reading House Merger Hearing: Regulatory Complaints Dominated Merger Concerns