7 States Back DOJ in Opposing AT&T Merger
Posted on Sep 17, 2011
Attorneys general from California, Illinois, Massachusetts, New York, Ohio, Pennsylvania and Washington have all come out in support of the U.S. Department of Justice’s lawsuit to block AT&T from acquiring T-Mobile.
The Justice Department has argued that the $39 billion merger would limit competition in an already concentrated industry and ultimately harm consumers. Many of the attorneys general who spoke out against the merger also quoted anti-competition as their primary concern. —BF
International Business Times:
Below is what their attorney generals have said:
New York: This proposed merger would stifle competition in markets that are crucial to New York’s consumers and businesses, while reducing access to low-cost options and the newest broadband-based technologies.
Ohio: The proposed transaction threatens to substantially lessen competition for mobile wireless providers across the United States, resulting in poorer quality services, fewer consumer choices and ultimately, higher prices.
California: Our review of the proposed merger between AT&T and T-Mobile has led me to conclude that it would hinder competition and reduce consumer choice.
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