AT&T Inc. and the Justice Department have agreed to put off their upcoming antitrust trial over the phone company's proposed acquisition of smaller rival T-Mobile USA while the wireless carriers determine the fate of the deal.
U.S. District Judge Ellen Segal Huvelle quickly approved their motion Monday to cancel their February trial and set a Jan. 18 status hearing. AT&T must file its plans with the court by Jan. 12.
The development comes as the $39 billion deal comes under increasing government opposition, with analysts now giving it a slim chance of going through.
The Justice Department sued to block the merger on Aug. 31, saying the combination of the No. 2 and No. 4 cellphone companies in the country would reduce competition and lead to higher consumer prices.
Copyright 2013 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
KKTV firmly believes in freedom of speech for all and we are happy to provide this forum for the community to share opinions and facts. We ask that commenters keep it clean, keep it truthful, stay on topic and be responsible. Comments left here do not necessarily represent the viewpoint of KKTV 11 News.
If you believe that any of the comments on our site are inappropriate or offensive, please tell us by clicking “Report Abuse” and answering the questions that follow. We will review any reported comments promptly.powered by Disqus