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Continued: AT&T to buy Leap Wireless, Cricket brand, for about $1.2 billion

  • Article by: RYAN NAKASHIMA , AP Business Writer
  • Last update: July 12, 2013 - 7:55 PM

Federal regulators have been averse to permitting larger carriers to merge.

In late 2011, AT&T abandoned its $39 billion bid to buy T-Mobile after the Justice Department raised its objection to the deal on the grounds it would raise prices and give customers fewer choices.

Free Press, a media and technology watchdog organization in Washington, registered its opposition to this latest deal.

"This is (a) smaller deal, but AT&T is sure to make the same false claims it tried with T-Mobile," Free Press CEO Craig Aaron said in a statement. "This takeover would result in fewer choices, higher prices and job losses."

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