The Obama administration on Wednesday filed to block AT&T's (T.N) proposed acquisition of wireless rival T-Mobile USA (DTEGn.DE) because of anticompetitive concerns, two sources familiar with the matter said. A Justice Department spokeswoman failed to comment as did a spokesman for AT&T.
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 4.76% or $-1.41/share to $28.21. 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 30245184.
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