Justice Department Blocks AT&T/T-Mobile Merger - KAUZ-TV: Newschannel 6 Now | Wichita Falls, TX

Justice Department Blocks AT&T/T-Mobile Merger

WASHINGTON (AP) - The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices.
     

The deal has faced tough opposition from consumer groups and No. 3 carrier Sprint since it was announced in March.
     

AT&T could challenge the Justice Department's action in court.  A failure of the deal puts T-Mobile in a difficult position.  It's struggling to compete with the larger carriers, and owner
Deutsche Telekom AG has said it's not willing to invest more in the venture.
     

However, AT&T has promised T-Mobile $3 billion in cash if the deal doesn't go through, plus spectrum rights and agreements that could be worth billions more.

      
     

  • News HeadlinesNewsMore>>

  • Lake Wichita Project raises over $90,000

    Lake Wichita Project raises over $90,000

    Friday, March 24 2017 11:36 PM EDT2017-03-25 03:36:06 GMT
    Just this month $90,000 has been raisedJust this month $90,000 has been raised

    WICHITA FALLS, TX (KAUZ) -- The Lake Wichita Project is in the process of raising fifty million dollars to revitalize the century year old manmade reservoir. Committee chairman, Steve Garner said currently the project is successfully moving forward.

    WICHITA FALLS, TX (KAUZ) -- The Lake Wichita Project is in the process of raising fifty million dollars to revitalize the century year old manmade reservoir. Committee chairman, Steve Garner said currently the project is successfully moving forward.

  • South Carolina beats Baylor 70-50 to advance to Elite Eight

    South Carolina beats Baylor 70-50 to advance to Elite Eight

    Friday, March 24 2017 10:58 PM EDT2017-03-25 02:58:02 GMT
    Friday, March 24 2017 10:59 PM EDT2017-03-25 02:59:17 GMT
    Sindarius Thornwell scored 24 points and seventh-seeded South Carolina cruised past third-seeded Baylor 70-50 on Friday night in the East Regional semifinals, the Bears' worst NCAA Tournament loss.
    Sindarius Thornwell scored 24 points and seventh-seeded South Carolina cruised past third-seeded Baylor 70-50 on Friday night in the East Regional semifinals, the Bears' worst NCAA Tournament loss.
  • 1 person released, 3 remain hospitalized after Mount Pleasant ISD bus wreck

    1 person released, 3 remain hospitalized after Mount Pleasant ISD bus wreck

    Friday, March 24 2017 10:58 PM EDT2017-03-25 02:58:23 GMT
    Source: KLTV viewerSource: KLTV viewer

    Two people are dead and three remain hospitalized after an overnight wreck in Titus County that involved a school bus and two other vehicles.  

    Two people are dead and three remain hospitalized after an overnight wreck in Titus County that involved a school bus and two other vehicles.  

Powered by Frankly