Earlier this year At&T and T-Mobile stuck up a deal. The deal was for ma bell would buy out T-mobile USA and all would be well. The deal was for $39 billion dollars. If the deal was to fall through or not get approved due to legal or any other reasons, At&T would have to fork over 3 billion in cash a piece of their spectrum and most likely a host of other goodies.
It seems that in their attempt to move to mobile dominance At&T has just hit another road block. Those $39 billion dollar buyouts are not like going to the corner store. Hell there is probably not even a receipt. When mergers and buyouts like this go down there is a bit of arbitration that occurs on the governmental side of things. Unfortunately for both parties Bloomberg has reported that the Department of Justice has moved to block the buyout by filing an antitrust suit against At&T’s plan. This suit was filed in federal court this morning and moves to prove this buyout would break U.S antitrust laws as well as block any current dealings of the transaction. A quote from the filing reads “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market”.
Note EU-Digest: this is a good move by the US Government and if it passes should favor a more open competitive communications industry instead of jusAtt two giant controlling networks.
For more: DOJ Files Antitrust suit against At&t T-Mobile Buy Out | WirelessGround.com Blog
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