Sprint - Worldcom NPR's Larry Abramson reports the US Justice Department filed suit today to block the proposed merger. The head of the Justice Department antitrust division, Joel Klien, said the merger would reduce competition in the telecom sector and result in higher prices for businesses and consumers. Worldcom announced its plan to acquire Sprint in a deal valued at 129-billion-dollars last year. Today, Sprint and Worldcom say they're withdrawing the application filed with the European Commission to merge their companies.
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Sprint - Worldcom

Only Available in Archive Formats.
Sprint - Worldcom

Sprint - Worldcom

Sprint - Worldcom

Only Available in Archive Formats.

NPR's Larry Abramson reports the US Justice Department filed suit today to block the proposed merger. The head of the Justice Department antitrust division, Joel Klien, said the merger would reduce competition in the telecom sector and result in higher prices for businesses and consumers. Worldcom announced its plan to acquire Sprint in a deal valued at 129-billion-dollars last year. Today, Sprint and Worldcom say they're withdrawing the application filed with the European Commission to merge their companies.