NFC Rumors

U.S. Files Antitrust Complaint to Block AT&T and T-Mobile Merger

U.S. Files Antitrust Complaint to Block AT&T and T-Mobile Merger

This morning Bloomberg is reporting that the U.S. government has sued to block AT&T’s attempted acquisition of T-Mobile USA stating that the merger would “substantially lessen competition” in the mobile network operator market. AT&T Inc. proposed a $39 billion acquisition earlier this year and has faced challenges from Sprint stating that the deal is anti-competitive, and it now appears that the U.S. government agrees. In fact, Sprint’s CEO, Dan Hesse, testified before members of the Senate Judiciary Committee, Subcommittee on Antitrust, Competition Policy and Consumer Rights, voicing opposition to the proposed takeover of T-Mobile by AT&T.

Read full post