Sprint files Anti-Trust Suit To Block ATT-T-Mobile Merger
Sprint filed suit in federal court to block the ATT/T-Mobile on anti-trust grounds. The filing follow that of the DOJ last week to block the deal. The suit names AT&T, AT&T Mobility, T-Mobile USA and Deutsche Telekom, the participants in the proposed $39 billion merger. With the deck stacking up higher against the merger as time passes, you might think AT&T would just walk away from the deal that is seemingly becoming more expensive. That’s easier said than done as that move would cost AT&T $3 billion, as promised to the T-Mobile side should the deal fall through.
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