Another Follow Up of the Day: Just a week after the FCC restarted its review of AT&T’s T-Mobile buyout, the U.S. government has filed an antitrust complaint asking a court to block the deal.
The government’s antitrust filing argued that “AT&T’s elimination of T-Mobile as an independent, low-priced rival would remove a significant competitive force from the market.”
If the deal fails, AT&T has to pay T-Mobile $3 billion in cash and $7 billion worth of wireless spectrum and other perks, which gives AT&T an additional incentive to fight the new lawsuit.
AT&T says the economic models it filed with the FCC last month prove that buying T-Mobile will strengthen AT&T’s network, lower costs, and improve service in large metro areas.
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