U.S. Files Antitrust Complaint to Block AT&T, T-Mobile Merger [Archive]

Reason

08-31-2011, 08:59 AM

The cell phone companies are very deep in bed with govt at many levels due to the technological infrastructure construction...

I think I would be okay with T-Mobile staying separate & facilitating competition in rate plans...

bobbyw24

08-31-2011, 09:08 AM

The U.S. government sued to block AT&T Inc.’s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market.

The Justice Department complaint was filed today in federal court in Washington. The U.S. is seeking a declaration that Dallas-based AT&T’s takeover of T-Mobile, a unit of Deutsche Telekom AG (DTE), would violate U.S. antitrust law and a court order blocking any arrangement implementing the deal.

“AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force from the market,” the U.S. said in its filing.

http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html?cmpid=bit