Saturday, September 17, 2011

Seven states oppose AT&T-T-Mobile merger

Bad news for AT&T and those in favor of the carrier’s attempted acquisition of T-Mobile. It looks like the Department of Justice has garnered more troops in support of opposing the merger. It has been reported that seven states will be backing the Department of Justice’s lawsuit against AT&T. The seven states against the merger are: New York, Washington, California, Illinois, Massachusetts, Ohio and Pennsylvania. With over a third of the American population, living in these states combined, it looks like AT&T doesn’t really have a lot of support from the public. There’s still no telling if the deal will go through or not, but for now, the chances are definitely looking slim.

Here is a statement from Craig Aaron, president of Free Press:
“We applaud the attorneys general who joined the Justice Department’s suit today to block AT&T’s takeover of T-Mobile. They deserve praise for standing up to AT&T and standing with their citizens. They understand that families can’t afford to shoulder the burden of higher bills that would result from the merger, and that states struggling with unemployment can’t afford to stand aside while corporations kill competition and put people out of work. This lawsuit is yet another blow to AT&T and a victory for the public.
“AT&T’s propaganda and political posturing aren’t working in the face of such overwhelming opposition and evidence against this deal. Both the attorneys general and the Justice Department examined the facts of the case, and the facts are clear: This merger will raise prices, kill competition and put thousands of Americans out of work at a time of skyrocketing unemployment.”

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