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At&t And T-mobile Merger

The U.S. Department of Justice filed an antitrust lawsuit on Wednesday seeking to block AT&T's $39 billion merger with T-Mobile.

The merged companies would be the largest wireless company in the United States, combining AT&T's 95 million customers with T-Mobile's 34 million users. Along with Verizon Wireless, the merged companies would combine for more than two-thirds of the wireless market and account for 78% of the wireless industry's revenue.

"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," the Justice Department said in its announcement. Ref.

Merger T-mobile Atampt

AT&T has ended its $39 billion bid to acquire T-Mobile USA from Deutsche Telekom amid antitrust concerns.

AT&T had been scrambling for weeks to save the proposed deal, which would have made it by far the most dominant U.S. Wireless carrier.

AT&T pulled its Federal Communications Commission application last month after the regulator came out in opposition to the merger and prepared to call for a potentially nasty public hearing. Ref. CNN