The United States government today moved to block AT&T’s proposed acquisition of T-Mobile USA. Bloomberg reports that the Justice Complaint was filed in federal court in Washington, and seeks a declaration that the deal would violate U.S.
antitrust law, as well as a court order blocking any arrangement in which the deal would go through. “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. The acquisition, which was announced in March, would be worth roughly $39 billion in cash and stock, and would give Deutsche Telekom—current owner of T-Mobile USA—an eight percent equity in AT&T.
Advertisements
