The combination of AT&T Inc (T.N) and T-Mobile (DTEGn.DE) raises serious concerns, according to data the agency has gathered, Federal Communications Commission Chairman Julius Genachowski said on Wednesday. "Although our process is not complete, the record before this agency also raises serious concerns about the impact of the proposed transaction on competition," Genachowski said in a statement following the Justice Department's decision to file a lawsuit to block the deal.
AT&T Inc. is a holding company. The Company is a provider of telecommunications services in the United States and worldwide. Shares of T fell by 4.39% or $-1.2999/share to $28.32. In the past year, the shares have traded as low as $27.06 and as high as $31.94. On average, 28001700 shares of T exchange hands on a given day and today's volume is recorded at 57535044.
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