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Released: September 01, 2011
AT&T plan a wake-up call for regulators
Source: David Lazarus, L.A.Times (Free Registration)
Call it a merger too far. After years of turning a deaf ear to consumers' concerns and unblinkingly approving tie-ups among an ever-dwindling number of telecom giants, Uncle Sam has at last awoken to the idea that bigger may not be better when it comes to phone service. The Justice Department sued Wednesday to block AT&T's proposed $39-billion acquisition of rival T-Mobile, which would create the nation's largest phone company with more than 130 million customers. The agency said the merger would result in higher prices for consumers, fewer choices and lower-quality products.Read Full Article: AT&T plan a wake-up call for regulators
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