Lawmakers question AT&T acquisition of T-Mobile

AT&T's proposed acquisition of rival mobile carrier T-Mobile USA would give customers fewer choices and drive up prices, some U.S. lawmakers said Thursday.

Several members of the House Judiciary Committee's competition subcommittee questioned during a hearing whether the U.S. Department of Justice and the U.S. Federal Communications Commission should allow the $39 billion deal to happen.

"I see absolutely no redeeming reason for this merger to go through," said Rep. John Conyers Jr. (D-Mich.), the senior member on the full committee. Read more...