Thursday, September 01, 2011

Justice Dept. Moves to Block Merger Between AT&T and T-Mobile - NYTimes.com

Duopoly != “robust competition”

AT&T said it would fight the lawsuit. “We plan to ask for an expedited hearing so the enormous benefits of this merger can be fully reviewed,” Wayne Watts, an executive vice president and general counsel at AT&T, said in a statement. “The D.O.J. has the burden of proving alleged anticompetitive effects, and we intend to vigorously contest this matter in court.”

Deutsche Telekom, the German parent of T-Mobile USA, said that the Justice Department “failed to acknowledge the robust competition in the U.S. wireless telecommunications industry and the tremendous efficiencies associated with the proposed transaction, which would lead to significant customer, shareholder and public benefits.”

Justice Dept. Moves to Block Merger Between AT&T and T-Mobile - NYTimes.com

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