Deutsche Telekom, AT&T United Front Masks Diverging Interests on T-Mobile
Written by administrator on September 9th, 2011
Deutsche Telekom, AT&T United Front Masks Diverging Interests on T-Mobile
News from Bloomberg:
Deutsche Telekom AG (DTE) and AT&T Inc. (T) have vowed to fight together in court to rescue a $ 39 billion sale of T-Mobile USA Inc. That display of unity masks their divergent interests should those efforts fail.
AT&am…………… continues on Bloomberg
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Related News:
As AT&T Spins, Facts and Law Should Trump Politics
News from Huffington Post:
On August 31, the Justice Department planted a very large nail in the coffin of the AT&T takeover of T-Mobile when it filed a lawsuit in the District Court for the District of Columbia Circuit to block the merger. Deputy Attorney General James M. Cole couldn’t have been more unequivocal about how the Department views the proposed merger:
The combination of AT&T and T-Mobile would result in tens of millions of consumers all across the United States facing higher prices, fewer choices and lower quality products for mobile wireless services. Consumers across the country, including those in rural areas and those with lower incomes, benefit from competition among the nation’s wireless carriers, particularly the four remaining national carriers. This lawsuit seeks to ensure that everyone can continue to receive the benefits of that competition.
continues on Huffington Post