DaMan
Active Member
- Joined
- Nov 17, 2003
- Location
- South of Nowhere
<p style="text-align: center;"><a href="http://www.bgr.com/2011/08/31/u-s-government-sues-to-block-att-t-mobile-merger"><img class="size-full wp-image-81646 aligncenter" title="att-t-mobile-logo" src="http://www-bgr-com.vimg.net/wp-content/uploads/2011/03/att-t-mobile-logo110321173718.jpg" alt="" width="652" height="130" /></a>
The United States government has filed a lawsuit in an attempt to block AT&T’s proposed $39 billion acquisition of T-Mobile USA, saying that such a deal would “substantially lessen competition” in the U.S. wireless market. <em>Bloomberg</em> reports that the complaint was filed by the U.S. Justice Department on Wednesday, and the government is asking for a declaration that the proposed merger would violate U.S. antitrust laws. The complaint seeks to have the deal blocked as a result. “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. AT&T has argued that it needs T-Mobile’s spectrum in order to improve service quality and cover the majority of the U.S. population with 4G LTE service.
UPDATE: <a href="http://www.bgr.com/2011/08/31/att-responds-to-u-s-government-lawsuit-seeking-to-block-t-mobile-deal/">AT&T has issued a statement in response to the DOJ lawsuit</a>. <a href="http://www.bgr.com/2011/08/31/fcc-chairman-serious-concerns-over-impact-of-attt-mobile-merger/">The FCC</a> has issued a statement as well, as has <a href="http://www.bgr.com/2011/08/31/sprint-applauds-doj-attempt-to-block-attt-mobile-merger/">Sprint</a>.<span id="more-102224"></span>
<a href="http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html">Read</a>
Via BRG - Boy Genius Report
The United States government has filed a lawsuit in an attempt to block AT&T’s proposed $39 billion acquisition of T-Mobile USA, saying that such a deal would “substantially lessen competition” in the U.S. wireless market. <em>Bloomberg</em> reports that the complaint was filed by the U.S. Justice Department on Wednesday, and the government is asking for a declaration that the proposed merger would violate U.S. antitrust laws. The complaint seeks to have the deal blocked as a result. “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. AT&T has argued that it needs T-Mobile’s spectrum in order to improve service quality and cover the majority of the U.S. population with 4G LTE service.
UPDATE: <a href="http://www.bgr.com/2011/08/31/att-responds-to-u-s-government-lawsuit-seeking-to-block-t-mobile-deal/">AT&T has issued a statement in response to the DOJ lawsuit</a>. <a href="http://www.bgr.com/2011/08/31/fcc-chairman-serious-concerns-over-impact-of-attt-mobile-merger/">The FCC</a> has issued a statement as well, as has <a href="http://www.bgr.com/2011/08/31/sprint-applauds-doj-attempt-to-block-attt-mobile-merger/">Sprint</a>.<span id="more-102224"></span>
<a href="http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html">Read</a>
Via BRG - Boy Genius Report
