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 "" 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 everyday lives."
AT&T, which announced its plans earlier this year to acquire T-Mobile USA from Deutsche Telekom in a deal valued at $39 billion, said that the company was blindsided by the Justice Department's decision.
The only agency that is required to approve the merger is the Federal Communications Commission. Since the wireless companies have spectrum licenses granted by the FCC, that agency's approval is required to merge the companies. That said,
An Apple employee lost yet another unreleased iPhone in a San Francisco bar last month, leading to an investigation by San Francisco police and Apple security, CNET has learned.
Apple loses another unreleased iPhone
Document-leaking group accuses British newspaper of disclosing the password that allowed access to 251,000 State Department cables.
Is Iran behind a fraudulent Google.com digital certificate? The situation is similar to one that happened in March in which spoofed certificates were traced back to Iran.
Fraudulent Google certificate points to Internet attack
The Starz deal is important for Netflix as the premium channel's content makes up a sizable chunk of Netflix's streaming library.
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Eric Schmidt makes big promises. The Google chairman says makers of high-end TV sets will feature Google TV or similar software within five years.
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Following a buying spree of $99 TouchPads, Hewlett-Packard plans to resurrect the WebOS-based tablet for a final production run.
HP to bring back TouchPad for last production run
The company will reportedly ship its 7-inch version later this year and start production on the 10.1-inch option in the first quarter of 2012.
At the IFA show, Sony gave CNET the first look at its Android-powered music player. With several music-specific features and the product family's best sound quality, it's geared for audiophiles.
Solar company--the latest this month to file for bankruptcy protection--cites "global economic and solar industry market conditions" as the reason.
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