April 18, 2024

Business Briefing | Telecommunications: U.S. Seeks Withdrawal of AT&T Antitrust Case

The Justice Department said Friday that it wanted to withdraw or postpone its antitrust case against the proposed acquisition of T-Mobile USA by ATT now that the two companies no longer had a valid application to approve the deal. The companies took back their application with the Federal Communications Commission two weeks ago after the commission’s chairman came out against the $39 billion deal. The companies have said they will seek approval from a federal judge, who has scheduled a February trial on the Justice Department’s case, and will file another F.C.C. application later. A deputy assistant attorney general, Joseph Wayland, told Judge Ellen Segal Huvelle of Federal District Court that the government planned to file a motion next week to put off the case. Judge Huvelle gave the government until Tuesday to do so and scheduled a hearing for Thursday on the matter.

Article source: http://feeds.nytimes.com/click.phdo?i=c3fcf927480815241dc22e9e1c8c7f10

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