Major Tech And Venture Capital Firms Support AT&T Acquisition Of T-Mobile

Several big technology and venture capital firms have asked the Federal Communications Commission to approve AT&T’s proposed acquisition of T-Mobile USA.

According to an article on The New York Times, the companies have urged the FCC and the US Department of Justice to allow AT&T to acquire the carrier.

Eight technology companies including Microsoft, Facebook, Oracle, Research in Motion and Yahoo along with 10 venture capital firms including Kleiner Perkins Caufield & Byers and Sequoia Partners have written to the FCC in support of the $39 billion acquisition of T-Mobile USA by AT&T.

The group is led by software giant Microsoft and urges the FCC to look at the benefits posed by the acquisition and approve it.

“AT&T has indicated that it will migrate the T-Mobile network to LTE technology and offer LTE-based wireless broadband to 97.3 percent of the U.S.population,” the letter read.

“AT&T has stated that its LTE deployment will bring significant benefits to residents of rural areas and smaller communities, where the benefits of real-time video and similar capabilities are most urgently needed to fill gaps in physical infrastructure for healthcare,education, and other social needs,” it continued.

With the acquisition of T-Mobile, the US wireless market will contain only three players: AT&T, Verizon Wireless and Sprint. Sprint has opposed the deal, claiming that it would cause irreparable harm to the competitivity of the US wireless market.