T-Mobile still confident acquisition by AT&T will proceed

T-Mobile on Friday issued a new statement to the press, reasserting its belief that AT&T’s acquisition of T-Mobile USA will ultimately be approved. Last week, attorneys general from seven states joined the United Stated Department of Justice’s lawsuit attempting to block the $39 billion deal. The DOJ’s suit argues that the takeover would eliminate T-Mobile as “an independent, low- priced” wireless option for U.S. consumers, adding that it would also remove a great deal of competition from a market already dominated by giant telcos. T-Mobile’s senior vice president of government affairs Tom Sugrue disagrees, obviously, and he says the merger will benefit consumers rather than harm them. “Given the numerous benefits the merger will bring to consumers, businesses, and the US economy in the form of greater innovation, enhanced competition, and increased jobs, we remain confident that the facts will prevail and the acquisition will proceed,” Sugrue said in a statement to the press. AT&T and T-Mobile have made consistent arguments in favor of the deal since it was first proposed but the companies have a long battle ahead, with opponents that now include Sprint, multiple U.S. states and the U.S. government.

Tags: acquisition, AT&T, DOJ, Merger, Official statement, statement, T-Mobile

Zach Epstein