March 29, 2011 in Business

Sprint fights T-Mobile deal

Associated Press

WASHINGTON – Sprint Nextel is urging government officials to block AT&T Inc.’s planned acquisition of T-Mobile USA from Germany’s Deutsche Telekom AG.

Sprint, the nation’s third-largest wireless carrier, said the proposed $39 billion deal would create a duopoly market for U.S. wireless services dominated by AT&T and Verizon Wireless.

The Justice Department and the Federal Communications Commission could take a year or longer to review the proposed transaction.

© Copyright 2011 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

There is one comment on this story. Click here to view comment >>

Get stories like this in a free daily email