Thursday, January 30, 2014

Wireless mergers to invite scrutiny, says US antitrust chief: NYT

(Reuters) - It will be difficult for the U.S. justice department to approve a merger between any of the top four U.S. wireless phone companies, said William Baer, assistant attorney general for the antitrust division, the New York Times reported. Baer's comments come amid speculation that T-Mobile US Inc (TMUS.N) and Sprint Corp (NYS:S) might consummate a deal in coming months. He said any deal would face intense scrutiny because consumers have enjoyed "much more favorable competitive conditions" since the division blocked a proposed merger between AT&T Inc (NYS:T) and T-Mobile in 2011, the NYT reported.

by via Yahoo! Finance: Top Stories

No comments:

Post a Comment