AT&T, T-Mobile defend deal (Investor's Business Daily)

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Investor's Business Daily - The CEOs for the two telecom companies told a Senate antitrust subcommittee that their $39 bil merger would benefit consumers and not stifle innovation. If federal regulators approve the acquisition, AT&T and its rival, Verizon Wireless, would handle about 80% of U.S. wireless customers. AT&T said the merger would allow the company to improve services, handle more data traffic and bring mobile Internet to more consumers than it could do on its own. AT&T shares fell 1% to 31.38.

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