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NY attorney general to review AT&T, T-Mobile deal

AP News
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Posted: Mar 29, 2011 3:50 PM
NY attorney general to review AT&T, T-Mobile deal

New York's attorney general will analyze AT&T Inc.'s planned purchase of T-Mobile USA from Germany's Deutsche Telekom AG to see if it could harm competition in that state.

AT&T said last week that it will buy T-Mobile in a $39 billion cash-and-stock deal. The acquisition is expected to take more than a year to close, after scrutiny from federal regulators.

Attorney General Eric Schneiderman said Tuesday he is concerned the deal would mean fewer wireless service choices for consumers and that it could lead to higher cellphone bills.

"Cell phones are no longer a luxury for a few among us, but a basic necessity. The last thing New Yorkers need during these difficult economic times is to see cell phone prices rise," he said in a statement.