AT&T's plans to acquire T-Mobile recieved a setback today when the U.S. Justice Department filed an antitrust complaint requesting that the deal be blocked, Bloomberg reported.
The controversial plan, which was announced in March, would result in AT&T paying $39 billion to acquire T-Mobile from its parent company Deutsche Telekom. AT&T touted the merger as a way to roll out Long Term Evolution (LTE) 4G networks to more customers and foster innovation. Some of its competitors and a few lawmakers have been more skeptical of the deal, while a group of customers have sued AT&T in an attempt to block the merger.
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