Crony Capitalism in AT&T / T-Mobile Merger

This is what happens when you have too much government intervention in the economy:

NEW YORK -(MarketWatch)- AT&T Inc. said it will bring 5,000 wireless call-center jobs it has outsourced abroad back to the U.S. if its proposed $39 billion deal to buy Deutsche Telekom AG’s T-Mobile USA is approved by regulators.

Late Tuesday, AT&T said it would add the jobs after the deal closes and promised not to cut any more wireless call-center positions. The move is contingent on the U.S. Federal Communications Commission and Department of Justice approving the takeover, company spokesman Brad Burns said in an email.

The carrier is pressing its case for the merger against opposition from rivals, including Sprint Nextel Corp., as well as some politicians. AT&T is also facing scrutiny from a utilities commission in California and was told its $1.9 billion bid for wireless licenses from Qualcomm Inc. would be considered simultaneously with the T-Mobile deal, potentially slowing the process.

Here.

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