Deutsche Telekom Chairman and CEO Rene Obermann, left, and AT&T Chairman and CEO Randall Stephenson pose for photos in New York in March. AT&T Inc. has made a bid to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion.
(AP Photo/Newscast, Mark Dye)
Deutsche Telekom Chairman and CEO Rene Obermann, left, and AT&T Chairman and CEO Randall Stephenson pose for photos in New York in March. AT&T Inc. has made a bid to buy T-Mobile USA from Deutsche Telekom AG in a cash-and-stock deal valued at $39 billion. (AP Photo/Newscast, Mark Dye)
published Saturday, April 9th, 2011
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The Justice Department is blocking AT&T's $39 billion deal to buy T-Mobile USA, saying the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and raise prices.

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