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U.S. Justice Dept. Moves To Block AT&T, T-Mobile Merger

08/31/2011 8:56 am 0 comments

Source: Andrew Nusca / ZDNet

The U.S. government on Wednesday officially filed suit to block AT&T’s proposed $39 billion acquisition of T-Mobile.

The reason? The acquisition of America’s fourth-largest carrier by its second-largest would “substantially lessen competition” in the industry, violating U.S. antitrust law.

The U.S. Department of Justice filed its complaint in federal court in Washington, seeking a court order to block the deal.

To follow this topic visit ZDNet.

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