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SAN FRANCISCO (MarketWatch) "” Did AT&T Corp. really think that its 11th-hour offer to bring 5,000 wireless call-center jobs back to the U.S. if its $39 billion purchase of T-Mobile USA was approved would work?
Probably not, but it was worth a shot. A government so hobbled by the lack of jobs created since the financial crisis might consider anything if it could boost payrolls, even allowing a massive mobile telecom deal envisioned by AT&T Inc. /quotes/zigman/398198/quotes/nls/t T -0.46% and T-Mobile parent Deutsche Telekom AG /quotes/zigman/169382 DTEGY -0.08% /quotes/zigman/252274 DE:DTE -0.20%
The Justice Department on Wednesday sued to block AT&T Inc.'s proposed $39 billion takeover of T-Mobile USA, saying the combination of the second- and fourth-largest U.S. cellphone companies would hurt competition, raise prices.
Alas, the Department of Justice wouldn't be swayed in this case from its concern that the deal would reduce competition and raise consumer prices. But it will have other chances.
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