DOJ Files Antitrust Suit Against AT&T

DOJ Files Antitrust Suit Against AT&T

The Department of Justice filed a lawsuit today against AT&T’s acquisition of T-Mobile. The $39 billion buy-out was announced in March of this year and would make AT&T the largest mobile carrier in the US, superseding Verizon. AT&T is currently second in the nation, T-Mobile fourth, and they are in direct competition in 97 out of 100 cellular marketing areas. With this in consideration, the DOJ argues that the takeover would monopolize the American cellphone market and leave no room for competition or innovation. Bert Foer, head of the American Antitrust Institute, does not feel that a settlement will be possible or likely in this case. However both AT&T and Deutsche Telekom, T-Mobile’s current owner, plant to fight the litigation.

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