Published: Tuesday March 29, 2011
MYT 8:37:00 AM
WASHINGTON: Sprint Nextel is urging government officials to block AT&T Inc.'s planned acquisition of T-Mobile USA from Germany's Deutsche Telekom AG.
Sprint, the third-largest U.S. wireless carrier, said the proposed $39 billion cash-and-stock deal would create a duopoly market for U.S. wireless services dominated by AT&T and Verizon Wireless.
"On behalf of our customers, our industry and our country, Sprint will fight this attempt by AT&T to undo the progress of the past 25 years and create a new Ma Bell duopoly," Sprint said in a statement Monday.
The Justice Department and the Federal Communications Commission could take a year or longer to review the proposed transaction.
AT&T argues that the wireless market would still be "intensely competitive" - with multiple players in most local markets - even with the combination. - AP
http://biz.thestar.com.my/news/story.asp?file=/2011/3/29/business/20110329084751&sec=business
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