Via Phonescoop.com:
The U.S. Department of Justice has filed a lawsuit seeking to block AT&T’s proposed acquisition of smaller rival T-Mobile. “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market,” the DoJ said in a filing.
At a press conference, Deputy Attorney General James Cole said the proposed acquisition would” result in tens of millions of consumers facing fewer choices and lower-quality products.”
The government said the acquisition would violate U.S. antitrust laws and hopes to block the deal from going through, although the door is open for AT&T to make alternate suggestions that could cause the government to reconsider. The Justice Department filed the lawsuit in Federal Court in Washington, D.C. The acquisition has been under federal review for several months.
