AT&T Files T-Mobile Deal With Regulators, War of Words Begins
Wireless companies facing off over acquisition
On Thursday, AT&T will file its $39 billion deal to acquire T-Mobile with the Federal Communications Commission.
As regulators review the acquisition, a process that could take a year or more, it's time to sit back and watch the fireworks as AT&T squares off with public interest groups (who claim the deal, which would consolidate 80 percent of the wireless market at one company, will cause wireless rates to skyrocket) and Sprint, which gets moved down on the market totem pole to a distant number three.
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