US Justice Department Files A Suit Against AT&T And T-Mobile MergerBy cheatmaster 10:03 Mon, 12 Jul 2021 Comments
AT&T plans to acquire T-Mobile USA for $39 billion were announced back in March, but after the TV ad in June, we haven't heard much about it except perhaps that AT&T was expecting the whole thing the discontinue in Q1 2012 if things go smoothly.
Well, they've gone anything but smoothly as obviously the authorities have some problems with the planned deal. The Justice Department has just filed a suit against the acquisition. At a press conference the Deputy Attorney General explained this deal should be blocked becautilize it would result in "tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services."
The purpose of this suit is to ensure the AT&T and T-Mobile users a honest market and prices.
So, it’s still early to disclose how this will discontinue up, but for now it’s likely the merger is on hold.
Please LOGIN or REGISTER To Gain Full Access To This Article