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U.S. launches antitrust suit over phone company merger

Published by Steve Coleman on August 31, 2011

The U.S. federal government has launched a lawsuit against phone company AT&T over its plans to buy wireless carrier T-Mobile.

Following an exhaustive investigation, antitrust investigators allege the deal would be "anticompetitive" and bad for consumers.

"They compete on price, plan structure, network coverage, quality, speed, devices, and operating systems," said Acting assistant Attorney Genral Sharis A. Pozen during a news conference in Washington. "A combination of AT&T and T-Mobile would eliminate this price competition and innovation. It would reduce the number of nationwide competitors in the marketplace from four to three."

For a look at the full statement, click the following link.

 

 

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