Deals
AT&T Joined by Deutsche Telekom in Defending T-Mobile USA Deal
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AT&T Inc. and Deutsche Telekom AG said they plan to contest the U.S. government’s effort to block their $39 billion deal over T-Mobile USA Inc.
“We are surprised and disappointed by today’s action, particularly since we have met repeatedly with the Department of Justice and there was no indication from the DOJ that this action was being contemplated,” Wayne Watts, Dallas-based AT&T’s general counsel, said in a statement. “The DOJ has the burden of proving alleged anti-competitive affects and we intend to vigorously contest this matter in court.”