U.S. Files Antitrust Complaint to Block AT&T, T-Mobile Merger

Discussion in 'Android General Discussions' started by nikecar, Aug 31, 2011.

  1. nikecar

    nikecar Active Member

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    U.S. Files Antitrust Complaint to Block AT&T, T-Mobile Merger - Bloomberg

    The U.S. government sued to block AT&T Inc.’s proposed $39 billion acquisition of T-Mobile USA Inc., saying the deal would “substantially lessen competition” in the wireless market.

    “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. said in its filing.
     
  2. Beardface

    Beardface Active Member

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    Yeah, anyone with an Econ background could have seen this coming a mile away.

    This should also put an end to any rumors of Verizon buying up Sprint as well.