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More Mergers Denied?

More Mergers Denied?

More merger requests pending before the FCC would be denied if the commission has substantially less time to review the transactions, predicted agency Chairman Bill Kennard. A proposal moving through the U.S. House to limit the amount of time the FCC has to review most mergers to 90 days passed the House Telecom Subcommittee last week. The measure, sponsored by Rep. Chip Pickering, R-Miss., H.R. 4019, has been forwarded to the full Commerce Committee for a vote.
Kennard most merger reviews before the FCC are completed within 180 days. It is “rare” that such a review takes longer, he said. Further limiting the time the commission has to scrutinize a deal would “force more mergers to be denied outright,” said Kennard.
Leslie Stimson