T-mobile, At&t | featured news

Atty. Gen. Kamala Harris and six other state attorneys general join the Justice Department's antitrust suit, say the deal would result in less competition in the wireless market.

The Justice Department's move to block AT&T Inc. from buying
T-Mobile USA is motivated by the desire to keep a low-priced
competitor in the game. But that's a game T-Mobile is losing.

Sen. Al Franken (D., Minn.), is urging regulators to reject the pending AT&T’s merger, joining the Senate’s antitrust chair and other lawmakers in what may be a growing legislative backlash against the deal.

Opponents of AT&T’s proposed merger with T-Mobile filed last-minute petitions to federal regulators Tuesday in hopes of blocking the $39 billion mega-deal. But they are going up against a deep-pocketed telecom giant that’s just getting started on its own campaign to influence the decision.

Looking at AT&T and its planned acquisition, it’s fair to suggest that it could not attract the financing necessary to complete the purchase if its plan was to raise prices. Not only would such a move be unrealistic given the existence of Verizon and other smaller competitors, it would also be self-defeating for high prices signaling to those outside the mobile-phone space a potentially profitable competitive opportunity.

Sprint CEO Dan Hesse, speaking at the CTIA trade show, said he's concerned AT&T's plan to take over rival T-Mobile USA would stifle innovation and hurt consumers. The chief of Verizon Wireless said he isn't interested in buying Sprint.

Stocks started the week with big gains Monday on a major telecommunications deal and signs that Japan's nuclear crisis was stabilizing. The Dow Jones industrial average closed above 12,000 for the first time since a nuclear power plant in Japan failed following a massive earthquake and tsunami....

AT&T announced on Sunday that it agreed to buy T-Mobile USA from Deutsche Telekom, in a $39 billion deal that will reshape the cellular telephone industry. The merger — one of the largest since the onset of the financial crisis — would combine the second and fourth largest cellular carriers in the nation, bringing together AT&T’s 95.5 million wireless subscribers with T-Mobile’s 33.7 million customers.

Verizon Wireless, AT&T and T-Mobile formed a joint venture to allow their customers to pay for goods and services with their cellphones. Google's CEO said the next version of Android would allow phones to work as digital wallets.

The first three US phones running Microsoft's Windows Phone 7 OS go on sale today, with the Samsung Focus (4 stars) and HTC Surround (3 stars) debuting on AT&T and the HTC HD7 (3.5 stars) becoming available on T-Mobile. All three phones cost $199 with ...