Thursday, May 24, 2018
 
 
News: Page (1) of 1 - 08/31/11 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook
AP source: Government blocks AT&T-T-Mobile merger
Person tells AP that Justice Department blocking AT&T from $39 billion acquisition of T-Mobile
By The Associated Press

WASHINGTON (AP) ' The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices. That's according to a person familiar with the matter.

The person spoke on condition of anonymity because the agreement wasn't announced yet.

The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.



AT&T could challenge the Justice Department's action in court.

A failure of the deal puts T-Mobile in a difficult position. It's struggling to compete with the larger carriers, and owner Deutsche Telekom AG has said it's not willing to invest more in the venture.


Page: 1


 
 
 
 
 
 
 
 
 
 
 





Our Privacy Policy --- About The U.S. Daily News - Contact Us - Advertise With Us - Privacy Guidelines