US Justice Department, AT&T settlement talks failed: Court filing [telecom]

The U.S. Department of Justice and AT&T have held unsuccessful settlement talks over the wireless and pay-TV company's bid to buy movie and TV show maker Time Warner, the two sides said in a court filing on Friday.

The Justice Department has sued to stop AT&T, owner of DirecTV and the No. 2 U.S. wireless company, from buying Time Warner for $85 billion because of concerns that it could raise prices for rivals and pay-TV subscribers and hamper the development of online video.

read more and respond »

Posted 5 years ago by Bill Horne in General Telecommunications Forum

Report misuse