Posted Aug 31, 2011 03:19 pm CDT
The U.S. Justice Department is seeking to block AT&T’s $39 billion acquisition of T-Mobile.
In a complaint filed in federal court in Washington, D.C., Justice Department lawyers claim that eliminating T-Mobile as a low-priced alternative will remove “a significant competitive force from the market,” according to the New York Times Dealbook blog and Bloomberg News. If the deal is allowed to go forward, mobile wireless customers will likely see higher prices, less product variety and lower quality services, the complaint says.
The court filing contends the acquisition would violate antitrust law and seeks a court order blocking the merger.