AT&T tries to make sense of DOJ complaint, while others say the company should have seen it coming
The Department of Justice filed suit Wednesday to block the proposed merger between wireless carriers AT&T and T-Mobile, but no one knows if the move is effectively the end of the road for the $39 billion deal, or just a roadblock.
The masterminds at AT&T are just as confused — shocked, even.
According to two sources familiar with the matter, on Tuesday — the day before the complaint — AT&T representatives and DOJ attorneys had a meeting in which they discussed the wireless company’s proposal for its divestitures.
Both sources told TheDC that there was absolutely no hint or indication given by the DOJ during the meeting that they would file suit to block the merger the next day.