WASHINGTON/NEW YORK: The U.S. government on Wednesday sued to block AT&T Inc's $39 billion purchase of T-Mobile USA, citing concerns it will harm competition in the wireless market and lead to higher prices.
The surprise move, which was the biggest antitrust challenge yet by the Obama administration, caught the carriers by surprise and if successful would end AT&T's move to unseat Verizon Wireless as the No. 1 U.S. mobile carrier.
The surprise move, which was the biggest antitrust challenge yet by the Obama administration, caught the carriers by surprise and if successful would end AT&T's move to unseat Verizon Wireless as the No. 1 U.S. mobile carrier.