Feds Move to Block AT&T, T-Mobile Merger
Not too long ago we helped break the news on AT&Ts plan to acquire T-Mobile to improve their call quality and data network. The one obstacle that we all knew might trip up the whole deal just did. The US Justice Department just filed to block the merger.
In a move that seeks to take the wind out of the sails of this merger the Justice Department’s Antitrust Division processed a complaint against AT&T’s $39 billion takeover of T-Mobile arguing that it constituted a violation of antitrust laws – namely it would “lessen competition for mobile wireless telecommunications services across the United States, resulting in higher prices, poorer quality services, fewer choices and fewer innovative products”
AT&T has responded promising to “vigorously contest this matter in court” – T-Mobile has not yet responded publicly.
Read more about the Justice Departments complaint below.