T-Mobile still confident acquisition by AT&T will proceed

T-Mobile on Friday issued a new statement to the press, reasserting its belief that AT&T's acquisition of T-Mobile USA will ultimately be approved. Last week, attorneys general from seven states joined the United Stated Department of Justice's lawsuit attempting to block the $39 billion deal. The DOJ's suit argues that the takeover would eliminate T-Mobile as “an independent, low- priced” wireless option for U.S. consumers, adding that it would also remove a great deal of competition from a market already dominated by giant telcos.

Boy Genius Report, T-Mobile still confident acquisition by AT&T will proceed