U.S. Justice Department Files Complaint to Block Merger of AT&T and T-Mobile

This is a discussion on U.S. Justice Department Files Complaint to Block Merger of AT&T and T-Mobile within the Nexus One & Google Phone News forums, part of the Nexus One category; In a surprising twist, the U.S. Department of Justice has filed a complaint to block the sale of T-Mobile to AT&T for $39 Billion. The ...

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Thread: U.S. Justice Department Files Complaint to Block Merger of AT&T and T-Mobile

  1. #1
    dgstorm
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    U.S. Justice Department Files Complaint to Block Merger of AT&T and T-Mobile


    In a surprising twist, the U.S. Department of Justice has filed a complaint to block the sale of T-Mobile to AT&T for $39 Billion. The complaint was filed today in a federal court in Washington D.C. The Justice Department complaint indicated, “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. also said in its filing that the deal would “substantially lessen competition” in the wireless market. Additionally, the Bloomberg article also shared the following,
    Should regulators reject the transaction, AT&T would pay Deutsche Telekom $3 billion in cash. It would also provide T-Mobile with wireless spectrum in some regions and reduced charges for calls into AT&T’s network, for a total package valued at as much as $7 billion, Deutsche Telekom said this month.
    It is looking grim for the AT&T/T-Mobile merger, and AT&T's stocks are taking a beating because of it. At the time of the Bloomberg article, AT&T shares dropped 96 cents to $28.66.

    Source: Android.net via Bloomberg

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  3. #2
    Super Moderator sliceburgslim's Avatar
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    Its about time!
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    Administrator WERA689's Avatar
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    I agree! I just can't see this acquisition as good for the consumer in any appreciable way.

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    Super Moderator AndroidIsTheTruth's Avatar
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    I liked how AT&T tried to bribe by bring 5000 jobs BACK to america. LMAO
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