California joins suit to block AT&T purchase of T-Mobile Atty. Gen. Kamala Harris and six other state attorneys general join the Justice Department's antitrust suit, say the deal would result in less competition in the wireless market.
http://www.latimes.com/business/la-fi-att-california-20110917,0,1608502.storyAT&T Inc.'s $39-billion fight to take over cellular provider T-Mobile USA Inc. has taken another hit.
Just two weeks after the U.S. Justice Department sued to block the deal in federal court, California Atty. Gen. Kamala D. Harris and six other state attorneys general have joined the antitrust suit, saying the combination would create a cellular behemoth that would result in less competition in the wireless market and higher prices for consumers. Also, they said, it could kill jobs.
Harris said Friday that her review of the case "has led me to conclude that it would hinder competition and reduce consumer choice." The attorney general said she hoped to "resolve this matter in a way that will create jobs in our state, encourage a vibrant technology sector and protect competition in the marketplace."
Harris was joined by top state prosecutors in New York, Washington, Illinois, Massachusetts, Ohio and Pennsylvania. Collectively they represent more than one-third of the U.S. population.