Washington, D.C. – The Justice Department on Wednesday filed an antitrust suit in D.C. federal court to block AT&T’s proposed $39 billion acquisition of T-Mobile USA, a deal the agency said would result in “higher prices, poorer quality services, fewer choices and fewer innovative products.”
The deal, between the nation’s No. 2 and No. 4 wireless carriers, has been opposed strongly by consumer groups and competitors such as Sprint Nextel since it was first announced in March.
“T-Mobile has been an important source of competition among the national carriers,” said Sharis Pozen, the acting assistant attorney general in charge of the Department of Justice’s Antitrust Division. “Unless this merger is blocked, competition and innovation will be reduced, and consumers will suffer.”
This article was also published in Potomac Tech Wire.