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The proposed deal for AT&T to buy out T-Mobile has hit a roadblock today. The US is attempting to block the deal, citing antitrust issues. Basically, they’re just worried that the combination of these two companies would create problems for consumers.
This deal was first announced in March, and has faced heavy opposition since then. One of the most vocal opponents has been the No. 3 carrier, Sprint Nextel.
Here’s a statement from the Deputy�Attorney�General:
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� — Deputy Attorney General James M. Cole
It’s true that if AT&T buys out T-Mobile, they’ll undoubtedly have an advantage in the wireless market. However, would it be enough to soften the blow of the iPhone now being available for Verizon subscribers?
