iPhoneForums.Net News Team
- Jun 18, 2010
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Bloomberg reports today that the proposed AT&T and T-Mobile merger could be under threat, to say the least, as the U.S. government has filed an antitrust complaint today in Washington, which says that AT&Ts takeover of T-Mobile would be in violation of U.S. antitrust law. The U.S. government also took legal action to get the court to block anything that would lead to the implementation of the deal.
AT&Ts elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market, Bloomberg quotes the U.S. as saying in the filing.
According to Bloomberg, if the deal is rejected by the regulators, AT&T would legally have to pay T-Mobiles parent company, Deutsche Telekom, $3 billion cash, as well as having to give T-Mobile USA wireless spectrum in certain areas, and lower charges for calls in AT&Ts network, with the total package amounting to as much as $7 billion.
At the time of writing, all of the involved parties had declined to comment on the matter.
Source: U.S. Files Complaint to Block AT&T, T-Mobile Merger - Bloomberg via MacRumors