Andre Yoskowitz
21 Sep 2011 14:20
Yesterday, 100 House Republicans signed a letter that urged the current administration to end the DOJ lawsuit and let AT&T purchase T-Mobile for $39 billion.
Today, Bloomberg is reporting that 99 of those 100 reps have received political donations from AT&T since 2009, raking in a total of $963,275.
Earlier this month, surprisingly, AT&T's bid to buy the rival carrier was blocked by a DOJ lawsuit which calls the acquisition anti-competitive.
Additionally, the DOJ has said that blocking the deal will help save jobs in the U.S.
If successfully blocked, AT&T will have to pay a huge breakup fee of $3 billion to Deutsche Telekom (TMo's parent company) as well as $4 billion worth of wireless spectrum.