AT&T, DOJ File Motion to Halt Antitrust Proceedings
The U.S. Department of Justice and AT&T Monday filed a joint motion to halt proceedings in the U.S. agency's lawsuit to block the telecom giant's US$39 billion acquisition of mobile competitor T-Mobile USA.
If approved by the U.S. District Court for the District of Columbia, all pretrial and trial procedures would be cancelled and a status conference would be held before the court on Jan. 18 next year.
According to the motion filed Monday, AT&T will file on Jan. 12 a report describing the status of the proposed acquisition, including whether it intends to proceed with the transaction, whether it would alter the proposed deal, as well as any plans to seek approval from the U.S. Federal Communications Commission.
Staff at the FCC in November announced that they found the deal against the public interest. The finding followed the U.S. Department of Justice's August lawsuit to block the deal.