It's a time-out for everyone when it comes to the drama over the AT&T and T-Mobile merger, as AT&T and the Justice Department have agreed that they will delay indefinitely the antitrust trial over the company’s proposed acquisition of T-Mobile USA while the wireless carriers involved determine if it will ever even happen.
U.S. District Judge Ellen Segal Huvelle approved AT&T's motion Monday to cancel a February trial and set a Jan. 18 status hearing for the deal. AT&T will now have to make its plans known to the court and the general public by Jan. 12.
The $39 billion deal merger deal has come under increasing government opposition from the FCC and the Justice Department. The Justice Department sued to block the merger on August 31, saying that the combination of the country's second and fourth largest cellphone companies would reduce competition and inevitably lead to higher consumer prices.