DOJ Files Antitrust Lawsuit Against AT&T
The Department of Justice today filed an antitrust lawsuit to stop AT&T’s acquisition of T-Mobile.
The proposed $39 billion purchase would have merged two of the four largest wireless service providers in the country. Both companies compete in 97 of the largest 100 cellular markets.
In a press release, Deputy Attorney General James Cole said, “The combination of AT&T and T-Mobile 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.”
FCC Chairman Julius Genachowski’s statement indicates his agency also had concerns about the merger. Read his statement here.
Click here to read the DOJ press release.
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