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 ATT’s $39 billion takeover of T-Mobile, saying it would be anti-competitive.

ATT 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.

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“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.

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12 Responses to “US moves to block ATT takeover of T-Mobile”

  1. Something does not souund right, T-Mobile customer now 8 plus, not happy going with ATT.. Have had them before, got screwed.. Hope they do not get controll..

  2. Why do some folk have to CUSS @ use fowl words to make a comment on this site?? Freedom of trash speech in my eye ball!!! Alex… Can you stop this foul language on your site??. Really takes away credibility to your website the hard work u do. :@(-

    • alex said ok he will take care of it .

  3. wouldn’t have anything to do with ATT’s plan to bring 5,000 jobs back to America now, would it? seems to be the theme of this administration… stifle growth and block/eliminate jobs. was that the “change” you were anticipating america?

  4. something smells awfully fishy in this deal .att can’t take over t-mobile ask your self why? either the judge can’t be bought or he just wants more money. deal will go through

  5. yeah to bad the CEO of t mobile came out and said that they where broke and they are not looking to borrow any money so all that means is att will buy their stuff when they go out of bizz

  6. att can suck it, in little time they’ll be sex slaved to the gov..

  7. at least someone has some sense…upstairs…for the little guys….i just hope they, politicians, dont throw a monkey wrench….

  8. WWWWWWWWWOOOOOOOOOOOOOOOOWWWWWWWWWWWWWW!!!!!!!!!!!!!!!!!!!!!!!!!

    FUCKING HYPOCRITE!

  9. I seem to recall when this battle went on, that subsequently broke up the ‘MA BELL’ MONOPOLY. Anyone remember that crap ?…(and that crap, ‘politics’ regrettably, wasn’t even important to me, back then) “I do regret, that it took so long for me to become aware of all the shitheads in politics, banker/elite/sheaters,ya know allll that stuff,those that are destroying all the planet. “We don’t need an Alien Race to attack us….WE HAVE THE HUMAN PSYCHOPATHIC MONSTERS ALREADY ACCOMPLISHING THAT WARPLAN…!!!”

  10. Anti competitive? Yeah,that’s the government’s job,to eliminate the competition.

  11. Gee, ya think?

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