Technology Industry
Industry: Email Alert RSS FeedHollings takes different tack after FCC OKs VoiceStream-DT.
RCR Wireless News, April, 2001 by SILVA, JEFFREY
WASHINGTON--Sen. Ernest Hollings (D-S.C.), angered by the Federal Communications Communication's approval of the VoiceStream Wireless Corp.-Deutsche Telekom AG merger last week, said he will introduce legislation that would force the German government to drastically reduce its stake in DT by year's end and ban future purchases of U.S.
wireless firms by overseas firms more than 25-percent owned by foreign governments. "Last session, I championed legislation that would have prevented the FCC from making this decision. This year, with a new FCC chairman, I had refrained from re-introducing this legislation, in order to allow the new chairman to get off to a fresh start. The commission's action today shows that this confidence was misplaced," said Hollings...
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