CA to review AT&T/T-Mobile merger

Reuters reports that California may review the AT&T/T-Mobile deal:

The California Public Utilities Commission told its staff, in a meeting on Thursday, to open a proceeding to gather information about the merger for the state regulator to consider at its next voting meeting on June 9.

The commission said it wants information about the merger proposal “in light of relevant state law and public policies.”

If the deal can be blocked in at least one state, it makes it that much harder for the overall deal to be worth more than the reported $3 billion that AT&T would have to pay T-Mobile to back out of it. Let’s hope California at least takes a look at this deal.

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