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.
U.S. moves to block AT&T, T-Mobile merger
Charles Starrett was a senior editor at iLounge. He's been covering the iPod, iPhone, and iPad since their inception. He has written numerous articles and reviews, and his work has been featured in multiple publications.