The United States government sees the AT&T $39 billion acquisition of T-Mobile would “substantially lessen competition” in the U.S. wireless market. The U.S. Justice Department field the complaint on Wednesday, and the government is asking for a declaration that the proposed merger would violate U.S. antitrust laws, effectively blocking the deal. They also wet on to say that “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market”.
AT&T’s main gain from a successful acquisition would be to blanket the United States with T-Mobile’s wide 4G HSPA+ service, and to further coat those signals with 4G LTE service. But at the moment, AT&T’s chances don’t look too bright. Via: Bloomberg