Embarq and CenturyTel CEOs were in Washington to lobby acting FCC...
Embarq and CenturyTel CEOs were in Washington to lobby acting FCC Chairman Michael Copps on their pending merger, said an ex parte filing. In a meeting Tuesday, Embarq’s Tom Gerke and CenturyTel’s Glen Post urged Copps to promptly sign…
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off on the $11.6 billion deal, which has received all other required approvals. Copps still hasn’t circulated a draft order on the deal, a commission official said Wednesday. But in a recent research note, analysts at Stifel Nicolaus downplayed speculation (CD June 12 p6) that the FCC is waiting for the anticipated incoming Chairman Julius Genachowski. “With the merger review now at 190 days and [Copps'] oversight of the DTV transition successfully behind him, we would expect he will endeavor to wind up the review of this deal while he retains the chairman position, recognizing the risk that decisions that are held over for a new chairman could be held back by several weeks as the new leadership is installed,” they said.