Feds put AT&T's T-Mobile buy on hold (week in review)
The U.S. Department of Justice has filed suit in a federal court to block AT&T's proposed takeover of T-Mobile USA.
The Justice Department said in its filing with the U.S. District Court for the District of Columbia that the deal would "substantially lessen competition" in the wireless industry, and thus, should be blocked from approval. The lawsuit went on to say that the deal could potentially cause "higher prices, poorer quality services, fewer choices and fewer innovative products for the millions of American consumers who rely on mobile wireless services in their … Read more