Sprint has now jumped on the bandwagon to prevent AT&T from acquiring T-Mobile. Not only is the US Government standing in the way but now Sprint is filing a suit in federal court.
The parties that are involved in the suit are AT&T, Deutsche Telekom and T-Mobile. The suit is being filed because Sprint is concerned that the acquisition would harm healthy competition, and turn Verizon and AT&T into a “duopoly.”
A press release shows the specs of why Sprint is resisting this proposed acquisition, stating exactly why it is a bad idea, and they are not holding anything back:
Sprint Nextel [NYSE:S] today brought suit against AT&T, Inc., AT&T Mobility, Deutsche Telekom and T-Mobile seeking to block the proposed acquisition as a violation of Section 7 of the Clayton Act. The lawsuit was filed in federal court in the District of Columbia as a related case to the Department of Justice's (DOJ) suit against the proposed acquisition.
To read more of the press release and give your opinion on the acquisition visit, http://engt.co/oN50lR.
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