US Govt Moves To Block AT&T T-Mobile Merger

The US Government has decided that the proposed AT&T T-Mobile merger would not be in the best interest of consumers and has href="http://www.bloomberg.com/news/2011-08-31/u-s-files-antitrust-complaint-to-block-proposed-at-t-t-mobile-merger.html">moved to href="http://online.wsj.com/article/SB10001424053111904716604576542373831069388.html?mod=rss_Technology">block the combination.

“AT&T’s elimination of T-Mobile as an independent, low- priced rival would remove a significant competitive force from the market,” stated the governmental filing.

Deputy Attorney General James Cole has come out stating that the merger would leave tens of millions of customers with fewer choices and lower quality products.

This isn’t the end of the process, but a governmental disapproval of the merger will prove a significant stumbling block for AT&T and T-Mobile moving ahead.

Just this morning the telecom giants href="http://www.reuters.com/article/2011/08/31/us-att-jobs-idUSTRE77U0M620110831">promised an extra 5,000 jobs on USA shores if the merger did go through.