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Mayors Voice Support for AT&T Deal With T-Mobile

More than 100 U.S. mayors have expressed support for AT&T's proposed acquisition of mobile rival T-Mobile USA, AT&T said Wednesday.

The mayors of Miami, St. Louis and Sacramento, California, are among those from 24 states calling for the U.S. Federal Communications Commission and the U.S. Department of Justice to approve the deal. AT&T announced in March that it planned to purchase T-Mobile USA for US$39 billion.

FCC Deals Setback To AT&T, Qualcomm Spectrum Licensing Deal

The FCC decides to review AT&T's proposed acquisition of T-Mobile and Qualcomm spectrum licensing together.

The Federal Communications Commission dealt a blow to network operator AT&T by tying together the company’s proposed acquisition of rival carrier T-Mobile USA with a $1.9 billion deal that would see AT&T acquire some of Qualcomm’s spectrum licenses. The agency sent the letter to AT&T and Qualcomm executives on the last day of the 180-day review.

Why Are Car Insurance Rates Falling?

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Falling car insurance ratesThat wise-cracking Geico gecko has just been served a heaping slice of humble pie, courtesy of the state of California.

Recently, Geico asked the California Department of Insurance (CDI) for permission to raise rates on drivers by 4 percent. But the nonprofit Consumer Watchdog got a whiff of the proposal and barked.

Consumer Watchdog Warns Regulators Not to Be Fooled Twice by AT&T, Calls For Rejection of Merger with T-Mobile

"Fool me once, shame on you; fool me twice, shame on me."

SANTA MONICA, CA --  Consumer Watchdog urged U.S. and California officials yesterday to reject the proposed AT&T/T-Mobile wireless merger, calling to their attention that AT&T made the same promises of lower prices and better services before the Cingular/AT&T merger seven years ago, only to betray those promises after that merger was approved.