Justice Department Moves to Block AT&T's Acquisition of T-Mobile

In a bold assertion of power over the wireless telephone market, the Antitrust Division of the Department of Justice (DOJ) filed a lawsuit yesterday in federal district court to block AT&T Inc.'s proposed acquisition of T-Mobile USA Inc. The proposed merger would consolidate the national wireless telephone market from four major players to three, leaving AT&T with over 132 million subscribers, followed by Verizon Wireless with 106 million subscribers, and Sprint Nextel with just over 52 million subscribers. Sprint previously filed a formal Petition to Deny the merger with the Federal Communications Commission. In the Division's press release, Sharis A. Pozen, Acting Assistant Attorney General in charge of the Antitrust Division, explained that the Division took action because it believes the acquisition of T-Mobile by AT&T would decrease competition and result in higher prices for consumers throughout the country, in violation of federal antitrust law. However, Pozen has also reportedly said the Division's "door is open" to settling the lawsuit outside of court and potentially approving the merger with yet-to-be-determined concessions. Attorney General Eric Holder appointed Pozen to her current position in early August, after Christine Varney, Assistant Attorney General of the Antitrust Division, resigned to return to private practice. The AT&T – T-Mobile lawsuit represents the first major action by the Division under Pozen's leadership.

Read more detail on Recent Administrative Law Posts –

Legal notice about the Justice Department Moves to Block AT&T's Acquisition of T-Mobile rubric : Hukuki Net Legal News is not responsible for the privacy statements or other content from Web sites outside of the Hukuki.net site. Please refer the progenitor link to check the legal entity of this resource hereinabove.

Do you need High Quality Legal documents or forms related to Justice Department Moves to Block AT&T's Acquisition of T-Mobile?

This entry was posted in Administrative law and tagged , , , , , , . Bookmark the permalink.

Leave a Reply