The U.S. Department of Justice has filed suit in a federal court in Washington, D.C., to block AT&T’s proposed takeover of T-Mobile USA. The Justice Department said today in its filing with the U.S. District Court for the District of Columbia that the deal would “substantially lessen competition” in the wireless industry, and thus, should be blocked from approval. The lawsuit went on to say that the deal could potentially cause “higher prices, poorer quality services, fewer choices and fewer innovative products for the millions of American consumers who rely on mobile wireless services in their everyday lives.” “The combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services,” Deputy Attorney General James M. Cole said in a statement announcing the decision. “Consumers across the country, including those in rural areas and those with lower incomes, benefit from competition among the nation’s wireless carriers, particularly the four remaining national carriers. This lawsuit seeks to ensure that everyone can continue to receive the benefits of that competition.” AT&T came out quickly against the Justice Department’s decision. In an e-mailed statement… Read full this story
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