Former FCC chair Julius Genachowski joins Carlyle equity firm, focusing on technology

Former FCC chair Julius Genachowski is joining the Carlyle group, a private equity firm. The company announced today that it was bringing on Genachowski as a partner and managing director of its US buyouts team, working on investments with technology, media, and telecommunications companies, including internet and mobile businesses. Genachowski, appointed as FCC head in 2009 by President Obama, helped regulate these sectors for several years; during his tenure, he presided over several major mergers, allowing Comcast and NBC Universal to merge but blocking an AT&T buyout of T-Mobile. His policy goals focused on creating a nationwide broadband network and developing net neutrality rules for internet service providers.

While Genachowski…

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Source: The Verge - Read the original article here

Author: Daily Tech Whip

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