Things are getting ugly for AT&T and its $39 billion plan to purchase T-Mobile.
After heated push from the Department of Justice, claiming that the proposed deal would violate anti-trust laws, the nation's second largest wireless provider has announced that it plans to withdraw its application with the Federal Communications Commission to focus on the battle with the DoJ.
The lawsuit with the Department of Justice is scheduled hit the courtroom in February 2012. If AT&T comes out of the proceedings on top, it is expected that it will refile an application with the FCC, only to start from the beginning of the acquisition process once again.
AT&T's proposed acquisition of T-Mobile would decrease the number of nationwide wireless providers down to three, leaving Verizon and Sprint as the only remaining competitors.
You must be logged in to post a comment.
blog comments powered by Disqus