Skip to main content
NOT SO FAST

U.S. Fights AT&T/T-Mobile Merger

T-Mobile will get cash windfall either way.

cheats/2011/08/31/u-s-blocks-at-t-s-t-mobile-merger/att-tmobile-merger-cheat_ebl0ho

AP Photo

The U.S. government has sued to block AT&T's proposed $39 billion acquisition of T-Mobile, insisting that the deal would “substantially lessen competition” in the mobile-carrier market. The Justice Department filed the antitrust complaint today in federal court. T-Mobile is a more affordable rival to AT&T and ranks fourth in the wireless market; AT&T ranks second. Should regulators win the suit, AT&T must pay T-Mobile owner Deutsche Telekom $3 billion as part of an earlier agreement.

Read it at Bloomberg

TRENDING NOW