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.

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