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August 31, 2011
11:15 • 1 year ago

Justice Department attempts to block AT&T merger with T-Mobile

Tags: AT&T justice department mergers T-Mobile verizon wireless wireless networks

  • then A while back, AT&T announced it would attempt to purchase T-Mobile for $39 billion, in an attempt to shore up deficiencies in its wireless network. Other companies and consumer groups, most notably Sprint, loudly complained.
  • now Now the Justice Department’s trying to block the merger. “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market,” their complaint said. *BOOM.* source

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