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Stock impact report

Justice Department may try to block T-Mobile/Sprint deal - CNET [CNET News]

AT&T Inc. (T) 
Last at&t inc. earnings: 4/22 06:54 am Check Earnings Report
US:NYSE Investor Relations: en.wiktionary.org/wiki/at
Company Research Source: CNET News
Justice Department may try to block T-Mobile/Sprint deal The US Department of Justice may try to put the kibosh on T-'s merger with Sprint, according to a report from Bloomberg Unnamed sources close to the Justice Department told Bloomberg the agency isn't satisfied with concessions that were offered to get the deal done because they don't go far enough to resolve antitrust concerns. T- agreed to include build-out requirements to ensure deployment in rural communities, a promise to offer a wireless home broadband solution that could be a wireline substitute, and the divestiture of the prepaid brand Boost . The company didn't agree to any conditions that'd result in the divestiture of wireless spectrum nor did the companies agree to conditions around its wholesale business or roaming arrangements with rural carriers, which were concerns that'd been raised by critics of the deal. The news comes just hours after FCC Chairman Ajit Pai said he's giving the deal his blessing If the head of Show less Read more
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