Submission + - Justice Department blocks AT&T-T-Mobile merger (forbes.com) 1
AngryDeuce writes: The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices.
The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.
The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.
