Justice Department to Scrutinize AT&T / T-Mobile Deal
May 3, 2011, 2:29 PM by Eric M. Zeman
The U.S. Justice Department has indicated that it will take an in-depth look at the proposed AT&T acquisition of T-Mobile. The Justice Department can use a process called early termination to approve such deals within 30 days. Due to the scope of the acquisition, which would create a super carrier with 130 million customers, the Justice Department will instead perform a more thorough review. The Federal Communications Commission must also approve the deal, which has met with opposition from AT&T's competitors.
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Comments
Early Termination...
...is never a good thing. Glad to see these bureaucrats realize that this proposed merger deserves detailed scrutiny and finally the BIG THUMBS DOWN!!!
Actually, in this case Early Termination would shoot the merger down if it didn't pass the scrutinization. So if you oppose the buyout, then this Early Termination is a good thing. 🤣
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