| Article Index |
|---|
| US Department of Justice moves to block AT&T/T-Mobile Merger |
| Press Release |
| All Pages |
So, who didn't see this coming? In a move that's sure to bring up memories of the early 80s' United States vs. AT&T, the US Department of Justice has just sued to block AT&T's proposed takeover of T-Mobile, citing the deal's potential to "substantially lessen [wireless] competition."
Now, before any of you antitrust fiends get too excited, know that this movement doesn't necessarily mean the merger will or will not actually occur--it just gives an indication of the government's stance on the issue. The DoJ, according to court papers, considers T-Mobile an "independent, low-priced rival" to AT&T and a "significant competitive force." And although T-Mobile is the the smallest of the four major carriers (AT&T, Verizon, and Sprint being the others), the proposed AT&T-Mobile would beat the current market leader Verizon Wirelss for the top spot and wholly eclipse Sprint.
Read the press release on the next page, or go to Engadget to check out the companies' responses to the government's actions.
