Breaking: DOJ Files Suit to Block AT&T/T-Mobile Merger
By
David Baumann | August 31, 2022 11:31 am
COMPANIES
The Justice Department Wednesday filed suit to block AT&T Inc.’s proposed acquisition of T-Mobile USA Inc., saying the proposed $39 billion transaction would decrease competition for mobile wireless telecommunication services.
The decreased competition would result in worse service, higher prices and fewer choices, DOJ said, in a civil suit filed in the U.S. District Court for the District of Columbia.