U.S. District Court Judge Ellen Huvelle has set February 13, 2012 as the trial date for the the Department of Justice’s challenge to AT&T’s proposed $39 billion acquisition of T-Mobile. The DOJ wants to block this merger. The judge made the decision Wednesday after meeting with the various parties, including competitors.
AT&T and T-Mobile USA had initially asked for a January 16, 2012 trial date. The AT&T-T-Mobile USA merger has come under heavy criticism, especially from rivals like privately held Cellular South and Sprint . Seven state attorneys general have come out against the deal as well.
Verizon CEO Lowell McAdam, not surprisingly, is in favor of the merger as it allows a comfortable duopoly to exist between two former Bell companies. They can together continue to push their anti-consumer agenda if the deal goes through and there are a fewer competitors. Both AT&T and Verizon want to push metered billing and keep the prices high. I have been a loud opponent of this deal mostly because I view it as anti-consumer and unfriendly to innovation.
Related research and analysis from GigaOM Pro:
Subscriber content. Sign up for a free trial.
- Report: The Future of Netbooks!
- U.S. Wireless Data Market: Q4 and Year-End 2008
- Mobile payments: forecasts, technologies and opportunities
Nasdaq quotes delayed at least 15 minutes, all others at least 20 minutes.
Markets are closed on certain holidays. Stock Market Holiday List
By accessing this page, you agree to the following
Press Release Service provided by PRConnect.
Stock quotes supplied by Telekurs USA
Postage Rates Bots go here