AT&T surprised by Justice Department antitrust suit over T-Mobile deal

August 31, 2011 | 10:30 am

6a00d8341c630a53ef014e8afa5a64970d-800wi

AT&T says it will fight a Justice Department lawsuit filed Wednesday that seeks to block the
company's takeover of T-Mobile USA.
 

The federal antitrust suit, filed in Washington, D.C., argues that combining AT&T, the second-largest U.S. telecommunications company, with T-Mobile, No. 4, would reduce competition, drive up prices and mean less innovation for wireless consumers.
 
http://documents.latimes.com/move-to-block-att-tmobile-merger/
 

AT&T said the suit caught it off guard. T-Mobile representatives couldn't be reached for comment.

"We are surprised and disappointed by today's action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this action was being contemplated," said Wayne Watts, AT&T's senior executive vice president and general counsel, in a statement. "We plan to ask for an expedited hearing so the enormous benefits of this merger can be fully reviewed. The DOJ has the burden of proving alleged anti-competitive affects and we intend to vigorously contest this matter in court."

Watts said AT&T believes that the "facts will guide any final decision" and that the facts weigh in its favor. AT&T's proposed purchase of T-Mobile, he said, would "help solve our nation's spectrum exhaust situation and improve wireless service for millions," and "allow AT&T to expand 4G LTE mobile broadband to another 55 million Americans, or 97% of the population."

The acquisition would enable AT&T and T-Mobile to create "tens of thousands of jobs, at a time when our nation needs them most," Watts said. Earlier Wednesday, Randall Stephenson, AT&T's chairman and chief executive, said the transaction would create about 5,000 jobs.

"We remain confident that this merger is in the best interest of consumers and our country, and the facts will prevail in court," Watts said.
 http://latimesblogs.latimes.com/technology/2011/08/att-will-fight-j...

Views: 16

Comment by truth on August 31, 2011 at 4:38pm

Comment

You need to be a member of 12160 to add comments!

Join 12160

Please remember this website is supported by your donations...

12160 NEWS new management/admin info

Putin to Western elites: Play-time is over / The builders of the New World Order have failed

Outrage - Israeli Cartoonist Compares Netanyahu to 9/11 Hijackers - Plane Piloted By NUTTY in to Tower

Why We’re Poorer: Inflation And Deflation Are Now Globalized

Saudi Arabia's "Oil-Weapon" Hits Europe - Iran

China's shadow banking sector growing rapidly, third largest in world: FSB

VIDEO: Inside The Shanghai International Gold Exchange Vaults

German Bank Hits Savers with Negative Interest Rate

Elderly couple fined $80K, raided by Marathon County SWAT because of pallets in their yard

LEAKED VIDEO: Cop Pulls Out His Penis and Begins Masturbating on High School Campus

Maryland Teen Tased By Police 5 Times While In Hospital Dies of ‘Natural Causes’

GOV CLEARS GOV OF WRONG DOING - Ferguson shooting probe of possible grand jury leak wasn't exactly in-depth

Massive Non-Citizen Voting Uncovered in Maryland

50,000 Missing Georgia Voter-Registration Applications? Nothing to See Here

90 Pounds of Cocaine Found on Cargo Ship Owned by Senate Majority Leader Mitch McConnell’s Father-in-Law

Milton Hall being shot at 46 times by police in the US

Report an Issue

Forum

Ten Most Wanted

Started by mystery in Current News/Events. Last reply by Deep Space 1 hour ago. 1 Reply

© 2014   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-48719234-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();