Feds Sue to Block AT&T/T-Mobile Merger
by Associated Press | Aug 31, 2011 10:54 AM ET
WASHINGTON — The federal goverment is suing to block AT&T’s planned merger with T-Mobile, according to a report on Bloomberg News.
Saying the deal would “substantially lessen competition” among wireless providers, the Department of Justice is trying to block AT&T’s proposed $39 billion acquisition of T-Mobile USA on antitrust grounds.
“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.