Monday, May 16, 2011

AT&T's T-Mobile buy faces congressional scrutiny




US lawmakers grilled AT&T on Wednesday over its proposed $39 billion
acquisition of rival T-Mobile USA, questioning whether the mega-merger
would harm competition in the fast-growing wireless industry."At
present four companies control nearly 90 per cent of the national
wireless market," said Senator Patrick Leahy, a Democrat from Vermont."This
acquisition would further consolidate an