In a rather sudden and unexpected move, the United States Department of Justice (DOJ) yesterday filed an antitrust lawsuit to block AT&T’s acquisition of T-Mobile. The DOJ stated in a press release that
“The proposed $39 billion transaction would substantially lessen competition for mobile wireless telecommunications services across the United States, resulting in higher prices, poorer quality services, fewer choices and fewer innovative products for the millions of American consumers who rely on mobile wireless services in their everyday lives.”
Amelia Deloney of the… Full Post >>
On May 19, 2011, the Federal Trade Commission (FTC) released a press release summarizing its Prepared Statement on Consumer Protection Issues in the Mobile Marketplace to the Senate Committee on Commerce, Science and Transportation.
The prepared statement from the FTC was given by David Vladeck, Director of the FTC’s Bureau of Consumer Protection. The FTC press release states that, “while mobile technology, such as smart phones, is giving consumers a vast array of new products and services, it… Full Post >>
Earlier today, The US House Judiciary Intellectual Property, Competition, and the Internet Subcommittee held a hearing “How Will the Proposed Merger Between AT&T and T-Mobile Affect Wireless Telecommunications Competition?” Following is a summary on what has happened since the merger was first announced.
On March 20, AT&T announced that it will acquire T-Mobile USA from Deutsche Telekom AG for $39 billion. Before this merger can be completed, it must be approved by both the Federal Communications Commission… Full Post >>