Sunday, April 3, 2011

AT&T acquisition of T-Mobile Block

Executives at AT&T attend a news conference where it was announced that AT&T Inc. will be buying its wireless rival T-Mobile USA from Deutsche Telecom AG for $39 billion in cash and stock on March 21, in New York City. Sprint Nextel, the third-largest US wireless provider, urged US regulators on Monday to block AT&T's $39 billion acquisition of T-Mobile USA, saying it would harm competition.
Sprint Nextel, the third-largest US wireless provider, urged US regulators on Monday to block AT&T's $39 billion acquisition of T-Mobile USA, saying it would harm competition.