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March 29, 2011 2:43 pm

NY Attorney General to Review AT&T-T-Mobile Merger

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WSJ – New York Attorney General Eric Schneiderman said he would put AT&T Inc.’s proposed plan to buy T-Mobile USA under a “thorough review” of the potential impact on wireless competition in the state.

Schneiderman is the first attorney general to publicly announce a review of the $39 billion deal, which is expected to face heavy scrutiny from the Federal Communications Commission and Department of Justice. Based on past telecom deals, other state attorney generals are likely to weigh in.

“Cell phones are no longer a luxury for a few among us, but a basic necessity. The last thing New Yorkers need during these difficult economic times is to see cell phone prices rise,” Schneiderman said in a statement.

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