Deals
AT&T’s T-Mobile Bid May Raise Wireless Prices, Lawmakers Say
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U.S. House lawmakers said they are concerned that AT&T Inc.’s planned purchase of T-Mobile USA Inc. may thwart competition and raise prices for wireless users.
The $39 billion deal would result in more consolidation “than any previous merger” in the wireless communications market, said Representative Bob Goodlatte, a Virginia Republican who heads a Judiciary subcommittee on business competition. He expressed concern the combination would let AT&T charge smaller competitors more money to use the company’s mobile network, a process known as roaming.