The Louisiana Public Service Commission Wednesday agreed by a 4-1 vote not to oppose the AT&T/T-Mobile merger. The PSC staff also had recommended approval of the deal, spokesman Colby Cook tells Abiz.
Andrew Schwarz, an associate professor in LSU's Department of Information Systems and Decision Sciences, delivered a broad overview of the proposal, Cook says, with the main opposition to the proposal coming from competitor Sprint. AT&T, of course, testified about the benefits of its proposed $39 billion acquisition of T-Mobile USA.
Foster Campbell was the only commissioner not supporting the merger. Louisiana is the second state to approve it, following the lead of Arizona. Three other states are still reviewing its impact on competition and consumers.
“We are pleased that the Louisiana Public Service Commission has completed its review of our merger with T-Mobile and has voted not to oppose the transaction," AT&T spokeswoman Kim Allen said in an emailed statement Thursday. "As a result of this merger, 98 percent of Louisiana’s population will have access to 4G LTE and the tremendous benefits that come with the next-generation of mobile broadband technology."
Support for our merger is broad, Allen says, and continues to grow. "With [Wednesday's] action, the LPSC joins numerous elected officials from across the country, including 26 governors, 72 mayors and 77 Democratic members of the U.S. House of Representatives; a dozen labor unions; leading high-tech companies, such as Microsoft and Facebook; venture capitalists; and several educational, health and civic groups in recognizing that this transaction is good for consumers and for our economy.”
The Hill noted that the PSC’s staff report argues that AT&T’s pledge to deploy next-generation wireless broadband nationwide will result in at least $8 billion in investments, a portion of which will be in Louisiana. The Hill also reported:
A staff report from last week argues the opposition comments filed by Sprint are largely focused on national issues currently being weighed by the Federal Communications Commission (FCC) and Department of Justice (DOJ), not Louisiana-specific issues that would justify the state blocking the merger.
“Staff is confident the FCC and DOJ, with their expansive resources and expertise on those matters, will perform a thorough review of Sprints (sic) concerns regarding the impact this acquisition may have on a national level,” the report states.
Read more of The Hill’s story here.
In a press release issued this morning, the Internet Innovation Alliance applauded the PSC’s approval.
“In approving the AT&T/T-Mobile merger, the Louisiana PSC voted for a more connected future for all residents, both urban and rural,” said IIA Co-Chairman Bruce Mehlman. “High-speed mobile broadband puts all communities on an equal footing in the global competition for jobs, customers and services.”
Local 101 class Friday
“Byzantine” is the word members of the nominating committee for the local flood protection authority often use to describe the complicated, multi-layered matrix of qualifications that must be met to fill a vacancy on that board.
In the Pelican State, Benjamin Franklin buys you about $109 worth of stuff.
Brittan Bush joins Liskow & Lewis, Blake David installed as the Third District Member of the Louisiana State Bar Association’s board of governors, and Simien & Miniex announces 2014 scholarship winners.
“In some cases, we’ve found that these parts are nothing more than used junk yard parts. In others, we’ve found them to be foreign knock-off parts of questionable quality.”
The old Daily Advertiser building on Jefferson Street is being rehabbed as the owner prepares to move it back into commerce.
Its fourth leader gone after two years on the job, the facility struggles to balance the tension between its two missions.
Hub City Cycles hits the ground running through small-business center opportunity.
The future of the coastal loss lawsuit could rest in hands of board’s nominating committee.
Leaders from the local tech community ponder the question: What's missing from Acadiana's tech ecosystem?
AT&T’s U-verse heads our way. Here’s what it means for you.
LITE’s virtual environments are changing the way local employees learn how to do their jobs.
Local tech gurus will go the distance to call Lafayette home.
A look at recent hires, promotions and other news from Acadiana's business community.
New Johnston Street eatery catapults to No. 1 spot in nearly 200-location chain.
By identifying companies that match the output of its post-secondary educational institutions, Lafayette is creating opportunities that keep highly trained graduates in the area.
Gideon’s Promise lauds G. Paul Marx’s work to improve the quality of indigent defense and helps train five new public defenders.
What will INNOV8 4.0 look like?
Courtesy Ford is honored; EatLafayette fêtes itself
AG says 50-year-old Terry Francis Savoy sold fraudulent Workers Compensation and Employers Liability insurance policies throughout the state.
The state's jobless rate rose to 5.4 percent in July from 5 percent in June. Louisiana's unemployment rate was 6.4 percent in July 2013.
Oil Center eatery plans drive-thru location on Ambassador Caffery
Royal Dutch Shell has agreed to sell drilling rights in shale formations in Louisiana and Wyoming for $2.1 billion in two transactions.
Local skate shop collaborates with sneaker giant to create the "Crawfish Dunks"
Lafayette-based drilling fluids/frac sand distributor enhances service lines with purchase of Erath company.