US moves to block AT&T takeover of T-Mobile
AFP
August 31, 2011
WASHINGTON (AFP) – The US Justice Department moved Wednesday to block US telecom giant AT&T’s $39 billion takeover of T-Mobile, saying it would be anti-competitive.
AT&T shares plunged 5.3 percent on Wall Street as the Justice Department said it had filed a lawsuit in US District Court here opposing the mega-merger.
“We are seeking to block this deal in order to maintain a vibrant and competitive marketplace,” Deputy Attorney General James Cole said at a news conference.
Fresh food that lasts from eFoodsDirect (AD)
“Any way you look at this transaction it is anti-competitive,” added Sharis Pozen, acting assistant attorney general in charge of the Justice Department’s antitrust division.
Share this article:
Print this page.
MOST POPULAR
Mark of the Beast: Bilderberg Pushes Mandatory Internet ID for Europe (297 comments)- House Passes HR 4133 Binding the US to Israel and Their War Agenda (291 comments)
- Bennett Backs Off Birther Issue As Hawaii Sends Arizona Obama Verification Document (249 comments)
- Fukushima: If Number 4 Collapses, Japan Will Be Evacuated (210 comments)
- Australians Face Huge Fines For Speaking Ill Of New Carbon Tax (162 comments)
