Justice Department to Scrutinize AT&T / T-Mobile Deal
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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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fun times ahead