ElNono
08-31-2011, 11:22 AM
"The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA (http://www.forbes.com/feeds/ap/2011/08/31/technology-mobile-telecommunications-us-at-amp-t-t-mobile_8652135.html), saying the acquisition of the No. 4 wireless carrier (http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html) in the country by No. 2 AT&T would reduce competition and raise prices. The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March."
The DOJ has released a full statement on their decision (http://www.justice.gov/opa/pr/2011/August/11-at-1118.html) to file the antitrust suit, and AT&T has drafted a response (http://www.bgr.com/2011/08/31/att-responds-to-u-s-government-lawsuit-seeking-to-block-t-mobile-deal/). So much for AT&T's paltry promise of bringing 5000 unskilled call center jobs back to the US (http://www.itworld.com/it-managementstrategy/198829/att-return-jobs-us-if-t-mobile-deal-approved) if the merger were approved. Competition may yet live!
The DOJ has released a full statement on their decision (http://www.justice.gov/opa/pr/2011/August/11-at-1118.html) to file the antitrust suit, and AT&T has drafted a response (http://www.bgr.com/2011/08/31/att-responds-to-u-s-government-lawsuit-seeking-to-block-t-mobile-deal/). So much for AT&T's paltry promise of bringing 5000 unskilled call center jobs back to the US (http://www.itworld.com/it-managementstrategy/198829/att-return-jobs-us-if-t-mobile-deal-approved) if the merger were approved. Competition may yet live!