Sprint, C Spire agree with AT&T to postpone suits

Dec 13, 2011 By NEDRA PICKLER , Associated Press

(AP) -- AT&T Inc. and two of its rivals have agreed to postpone their lawsuits over AT&T's acquisition of T-Mobile USA now that the $39 billion deal is in jeopardy.

A federal judge quickly approved motions filed jointly Tuesday morning by AT&T and Sprint Nextel Corp., the nation's third-largest cell phone company, and a smaller phone company, C Spire Wireless, to cancel proceedings in their suits to stop the T-Mobile deal.

On Monday, AT&T and the Justice Department agreed to cancel the anti-trust trial scheduled for February while the wireless carriers determine the fate of their proposed merger, which has come under increasing government criticism that it would reduce competition and raise consumer prices.

Dallas-based AT&T says it is considering along with T-Mobile parent Deutsche Telekom AG of Germany whether to revise the plan to win regulatory approval.

Explore further: Zynga founder Pincus leaving operations role

not rated yet
add to favorites email to friend print save as pdf

Related Stories

Jacket works like a mobile phone

13 hours ago

A fire is raging in a large building and the fire leader is sending a message to all firefighters at the scene. But they don't need a mobile phone – they simply check their jacket sleeves and read the message ...

Recommended for you

Amazon Prime wins streaming deal with HBO

9 hours ago

Amazon scored a deal Wednesday to distribute old shows from premium cable TV channel HBO to its monthly Prime subscribers, landing a blow on rival Netflix in the streaming video battle.

LinkedIn to anchor new San Francisco high-rise

19 hours ago

San Francisco Mayor Ed Lee says the professional networking site LinkedIn will expand its presence in the city by anchoring a high-rise office building under construction.

User comments : 0

More news stories

US urged to drop India WTO case on solar

Environmentalists Wednesday urged the United States to drop plans to haul India to the WTO to open its solar market, saying the action would hurt the fight against climate change.

Is nuclear power the only way to avoid geoengineering?

"I think one can argue that if we were to follow a strong nuclear energy pathway—as well as doing everything else that we can—then we can solve the climate problem without doing geoengineering." So says Tom Wigley, one ...