Business
11:35 am
Wed August 31, 2011

AT&T's Bid For T-Mobile Blocked By Lawsuit

The Justice Department filed suit Wednesday to block AT&T's proposed takeover of T-Mobile. Officials say combining the country's second- and fourth-largest mobile phone carriers would be bad for competition. The $39 million deal has been under scrutiny from lawmakers and consumer groups. And the No. 3 carrier, Sprint Nextel, objects to the merger.

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