Monday, March 06, 2006

Consumer Groups Look to Squash AT&T-BellSouth Deal

A Reuters newswire article, via CNN/Money, reports that:

Two top consumer groups say they'll urge U.S. antitrust authorities to block telecommunications giant AT&T Inc.'s acquisition of BellSouth Corp., arguing it would lead to higher prices.

Consumers Union and the Consumer Federation of America said Sunday that they would ask the Justice Department's antitrust division to reject the $67 billion deal that would extend AT&T's reach and solidify its position as the No 1. U.S. telephone company.

More here.


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