Regulators, At&t T-mobile Merger | featured news

T-Mobile USA, which just had its acquisition by AT&T blocked by regulators, is now urging the federal government to block another deal in the wireless world: Verizon's planned purchase spectrum from cable companies for $3.6 billion.

AT&T and T-Mobile on Monday asked a federal judge to postpone an antitrust lawsuit as the companies were assessing “whether and how” to proceed with their $39 billion mega-merger. The announcement signals that the deal as originally conceived is all but dead. The two companies could still seek ways to retool the terms to address the concerns of regulators.

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.