Seven States Pile On To Block AT&T/T-Mobile Deal

An anonymous reader writes "New York, California, and five other U.S. states have joined a lawsuit initiated by the Department of Justice that would block AT&T's merger with T-Mobile. 'The revised filing comes ahead of a court hearing next week, when the two sides are scheduled to discuss the prospects of a settlement. AT&T has said that it will contest the Justice Department's lawsuit, while also seeking a potential settlement.' CNet notes that 'States don't have the power to block the deal, but they can influence the federal regulators and make it more onerous if AT&T attempts to negotiate for concessions to close the deal. They can also slow down the process with their own lawsuits.'"

Comments

nothing wrong with the merger

[roman_mir]

Again and again there is nothing wrong with the merger, it will create more pressure in this market, notice that it is not consumers, who are coming out with the lawsuit, just as always, it is the competing companies, who are afraid they will have to do actual real competition, find ways to cut prices, figure out how to increase customer satisfaction.