Charging that the Federal Communications Commission's review of telecommunications industry mergers is impeding competition, several members of Congress are pushing proposals to alter the agency's role in the process. Some say the FCC is slowing down deals among phone, cable and wireless companies by sitting on merger applications, applying arbitrary evaluation standards and imposing costly conditions on merging parties.
June 17, 1999 at 12:00 AM
1 minute read
The original version of this story was published on Law.Com
Charging that the Federal Communications Commission’s review of telecommunications industry mergers is impeding competition, several members of Congress are pushing proposals to drastically alter the agency’s role in the process.
Under current law, all telecommunications mergers are reviewed by both the FCC and the Department of Justice. The Federal Trade Commission also has authority to review telecom mergers but rarely does, deferring instead to the Justice Department.
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