US Justice Department files a suit against AT&T and T-Mobile merger
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 end in Q1 2012 if things go smoothly.
Well, they've gone anything but smoothly as obviously the authorities have some issues 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 because 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 fair market and prices.
So, itís still early to tell how this will end up, but for now itís likely the merger is on hold.Source
I am AT&T customer and glad the merge is delay. I was going to switch my business to T-Mobile and save $720 a year. I want to AT&T store and they say that they can't help me to save money. I called customer service to canceled my service an...
- 2011-09-05 05:06
And the Philippine government did nothing regarding the acquisition of Sun Cellular by Smart Telecom. Zzzzzz
- 2011-09-02 07:36
great job. there is nothing worse than these terrible companies getting bigger and bigger and squeezing every single dollar out of customers. if tmobile wants to sell the business they should sell it to google. now i will be happy to renew my contrac...
- 2011-09-02 04:38