Wednesday, August 31, 2011

AT&T and T-Mobile to Merge?

You might have heard about the rumor that AT&T and T-Mobile to merge, but CNN reported today that the government moves to block merger AT&T and T-Mobile. According to the report, the Justice Department filed an antitrust lawsuit against AT&T to block it's 39 million merger with T-Mobile.
Since the govt just filed the lawsuit today, meaning, the merge could and could not happen. If this happen, thousands of T-Mobile employees would be let go and unemployment rate would rise.

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