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

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.
Comments (6)
  • Good.

     

    A lower number of carriers means the less competition which equals higher prices and lower quality service.
    31 Aug 2011, 11:16 AM Reply Like
  • Might be a surprise based on the Justice Department over the last couple of years, but it shouldn't be surprise to anybody facing reality. This deal was anti-competitive placing the vast majority of the mobile market in the hands of T and VZ.
    31 Aug 2011, 11:34 AM Reply Like
  • Looks like helping the government wiretap doesn't buy what it used to...
    31 Aug 2011, 09:11 PM Reply Like
  • At&t is based in Texas and Obama can not allow 5000 more jobs to be created by private sector. The government is socialist under Obama
    1 Sep 2011, 05:13 AM Reply Like
  • Really believe the Justice Departments needs to stay out of it. Verizon, Sprint, and nextel are also in the industry which gives choice to the consumer.
    1 Sep 2011, 07:08 AM Reply Like
  • Some days i wake up,,and i feel i am back in the stone age,,,i wonder if the people in the justice deparment were made to foot the bill of this actoin,,would they bother,,,free markets,,,where did they go,,,
    1 Sep 2011, 07:09 AM Reply Like
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