It’s not often that you can genuinely look with pride at a decision taken by the government, no matter which country you reside in. According to Bloomberg: “The U.S. government filed court papers in Washington to block a proposed merger between AT&T and T-Mobile USA Inc.”
That’s all the information we have right now, but, that’s a major blow to AT&T’s world domination plans. With rumors of the next iPhone being available on T-mobile you can now rest assured that nothing is happening to your beloved carrier. We’ll bring you more info as it comes.
[UPDATE: AT&T’S senior exec, Wayne Watts, had this to say:
“We are surprised and disappointed by today’s action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this action was being contemplated.
We plan to ask for an expedited hearing so the enormous benefits of this merger can be fully reviewed. The DOJ has the burden of proving alleged anti-competitive affects and we intend to vigorously contest this matter in court.
At the end of the day, we believe facts will guide any final decision and the facts are clear. This merger will: Help solve our nation’s spectrum exhaust situation and improve wireless service for millions; allow AT&T to expand 4G LTE mobile broadband to another 55 million Americans, or 97% of the population; result in billions of additional investment and tens of thousands of jobs, at a time when our nation needs them most. We remain confident that this merger is in the best interest of consumers and our country, and the facts will prevail in court.”
FCC chairman Julius Genachowski gave the following response:
“By filing suit today, the Department of Justice has concluded that AT&T’s acquisition of T-Mobile would substantially lessen competition in violation of the antitrust laws. Competition is an essential component of the FCC’s statutory public interest analysis, and although our process is not complete, the record before this agency also raises serious concerns about the impact of the proposed transaction on competition. Vibrant competition in wireless services is vital to innovation, investment, economic growth and job creation, and to drive our global leadership in mobile. Competition fosters consumer benefits, including more choices, better service and lower prices.“