[Reuters] U.S. moves to block AT&T, T-Mobile deal

Posted by: UGN Security

[Reuters] U.S. moves to block AT&T, T-Mobile deal - 08/31/11 01:40 PM

WASHINGTON/NEW YORK (Reuters) - The Obama administration sued to block AT&T Inc's $39 billion acquisition of wireless rival T-Mobile on concerns it would harm competition, launching its biggest challenge yet to a takeover and dealing the carrier a potentially costly blow.