Justice Dept. Sues To Block AT&T's Acquisition Of T-Mobile

I knew the DOJ was not going to let the AT&T/T-Mobile merger go through. This merger was going to give AT&T too much of the pie. I wonder what the process is for major companies and mergers. If they know it is illegal, why do? I have never understood that.

The Justice Department just confirmed that it has "filed a civil antitrust lawsuit to block AT&T Inc.'s proposed acquisition of T-Mobile USA Inc."

In the department's view, "the proposed $39 billion transaction would substantially lessen competition for mobile wireless telecommunications services across the United States, resulting in higher prices, poorer quality services, fewer choices and fewer innovative products for the millions of American consumers who rely on mobile wireless services in their everyday lives."

The suit has been filed in U.S. District Court for the District of Columbia.

Read more at source


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