The Justice Department files suit, seeking to block the merger between AT&T (T -4.1%) and...

|By:, SA News Editor

The Justice Department files suit, seeking to block the merger between AT&T (T -4.1%) and T-Mobile (DTEGY.PK -6.4%). "AT&T's elimination of T-Mobile as an independent low-priced rival would remove a significant competitive force from the market," reads the complaint. Sprint (S +6.6%) spikes on the news.