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.”
Oilfield service company’s year-over-year revenues climbed 3.7 percent.
Move is part of company-wide consolidation of residential call centers.
Contentious deposition renders LOGA chief too ill to testify. Here's why.
Proposal for the upcoming legislative session would set Louisiana’s minimum wage at $10 per hour, beginning in 2015, up from the federal rate of $7.25 per hour.
Patrick Kane II recalls his mother awakening him 50 years ago to say his dad’s plane was missing.
His health affected by a contentious deposition last week, the LOGA chief says he can't testify (court will reconvene March 10).
Chair of the energy committee, Mary Landrieu (discussing the urgency of Keystone with Canadian Foreign Minister John Baird) should get the respect she deserves in Louisiana.
A fundraiser co-chaired by former U.S. attorneys from both sides of the political aisle could signal the end of Mike Harson’s long grip on the D.A.’s office.
Former W. Home Furnishings owner Rene Ward faces seven years in prison.
Stuller’s Danny Clark focuses on satisfied customers and effective employees as he settles in as the company’s president/COO.
Sterling Ford-Lincoln of Opelousas ribbon cutting and the State of the Parish address
Increases in higher-end home sales say a lot about the health of the overall market.
Who joined whom or got promoted?
World-class athlete riding high in custom bike biz.
Setting the record straight on that February story in HuffPo
Liability waivers — what you need to know before you sign
A one-man operation, Brett Gauthier is bringing the oil and gas industry into the age of digital animation.
Planning a meeting with results
Local Ad Fed’s Copywriter of the Year and recently named creative director at Russo tapped for Boston Marathon project.
Forecasts for more frigid weather drive prices to highest level in four years.
CiCi's Pizza on Johnston Street will be torn down to make way for popular bakery-café Panera Bread's first Lafayette store.
A computer services company announced Tuesday that it plans to open a new technology center in Bossier City, creating 800 new jobs and bolstering efforts to position northwest Louisiana as a center for cybersecurity work.
The four-week moving average, which is a less volatile measure of claims, decreased to 2,332 from the previous week's average of 2,566.
Auto dealership welcomes the community to celebrate
Trio conspired to cash counterfeit commercial checks at banks in Lafayette, Broussard, Crowley, Lake Charles and Sulphur