U.S. Government Blocking AT&T/T-Mobile Merger With Antitrust Suit?

evolveteam August 31, 2011 0

It’s as if no one wants this the AT&T/T-Mobile merger to go through. With the FCC under Ma Bell’s skirt and other mobile carriers like Sprint and Verizon bitching about the “unfair” acquisition, now AT&T has to deal with the U.S. government, which has supposedly filed an antitrust suit to block the proposed deal. According to Bloomberg, federal officials feel the deal would “substantially lessen competition” in the US wireless market. “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market,” the filing reads. It’s no secret the merger would put Sprint out of business and place serious weight on Verizon’s shoulders. But from the looks of things, AT&T’s $39 billion deal isn’t going through, and if so, it wouldn’t be for quite some time.