New York's attorney general said he is reviewing AT&T Inc's (T.N) $39 billion bid to buy Deutsche Telekom AG's (DTEGn.DE) T-Mobile USA for its possible anti-competitive impact on consumers and businesses. Citing a potential "near duopoly" as a result of the proposed deal, Attorney General Eric Schneiderman said he wants to ensure the acquisition does not reduce access to low-cost cell phone options. The deal announced last week would concentrate 80 percent of the U.S. wireless contract customers in two companies -- AT&T/T-Mobile and Verizon Wireless.
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