[BREAKING] US Government Files Papers In Court To Block At&t/T-Mobile Merger


It’s being reported this morning by Bloomberg News that the United States government has  filed papers with court to block the proposed merger of At&t and T-Mobile on the grounds that it violates anti-trust rules. The papers, filed this morning in a Washington court by the Justice Department states that the proposed merger between the two wireless giants would substantially lessen competition in the wireless markets.

“The U.S. is seeking a declaration that Dallas-based AT&T’s takeover of T-Mobile, a unit of Deutsche Telekom AG (DTE), would violate U.S. antitrust law and a court order blocking any arrangement implementing the deal”.

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

At&t and T-Mobile spokespersons have yet to comment on this action and At&t shares fell 96cents this morning on word of this news. Hip Hop Democrat will keep you posted on this story as it continues to break.

About The Author

Kamil M Abdullah has been a self proclaimed techie and bonafide smart phone expert nearly half of his life. Starting with the very first Sidekick(not necessarily a smart phone but close enough) to Blackberry to Symbian to Windows(Mobile & Phone 7) to Web OS to Android, he has used virtually every smart phone operating system. Kamil has also worked with computer programming in Bloomberg's Data Center and Backup Operations on their proprietary software. In his quest for further knowledge in mobile operating systems, Kamil voraciously devours any reading material on the subject he can find. Kamil is also a hip hop head to the fullest, having fallen in love with the art form from the very first "a hip hop the hibby to the hibby the hip hip the hop" and tr808 beat. He promises to use his vast powers and knowledge only for the good of mankind.