AT&T challenged in T-Mobile buy

AT&T’s proposed $39bn (£25bn) purchase of T-Mobile is facing increasing headwinds. Yesterday, the Federal Communications Commission (FCC) announced that chairman Julius Genachowski will float a draft order calling for an administrative law judge to review the deal. This action is being read as a sign that the FCC will shoot down the merger. The FCC also announced that Genachowski would issue an additional draft order calling for conditional approval of AT&T’s $1.9bn acquisition of some of Qualcomm’s spectrum licences.