Both the New York Times and the Associated Press are reporting that the Justice Department is suing to halt the proposed merger of AT&T and T-Mobile, citing serious competitive issues with the US $39 billion deal.
The complaint says "AT&T's elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market, thus, unless this acquisition is enjoined, customers of mobile wireless telecommunications services likely will face higher prices, less product variety and innovation, and poorer quality services due to reduced incentives to invest than would exist absent the merger."
AT&T
