Justice Department Said to Extend Review of T-Mobile Bid by AT&T
The Department of Justice extended its review of the proposed $39 billion purchase of T-Mobile USA Inc. by AT&T, asking the companies for more information, two people familiar with the situation said.
The department's antitrust division also sent so-called civil investigative demands, which are like subpoenas, to competitors of the two companies, seeking data on how the transaction might affect their businesses, according to the people, who declined to be identified because the review is confidential. The second round of requests to AT&T and T-Mobile will allow the Justice Department to extend its review of the transaction indefinitely. "This confirms that the government is going to do a deep dive into the transaction to understand what the implications are," said Rebecca Arbogast, a Washington-based analyst with Stifel Nicolaus & Co.