The T-Mobile corporate headquarters are seen Wednesday, Aug. 31, 2011, in Bellevue, Wash, where the company employs over 4,000 workers in the greater Seattle area. The Justice Department filed suit Wednesday to block AT&T's $39 billion deal to buy T-Mobile USA on grounds that it would raise prices for consumers. The government contends that the acquisition of the No. 4 wireless carrier in the country by No. 2 AT&T would reduce competition and that would lead to price increases. (AP Photo/Elaine Thompson)
(Reuters) – AT&T Inc is expected to soon present a proposed solution to U.S. antitrust regulators to salvage its planned $39 billion acquisition of smaller rival T-Mobile USA, according to people close to the matter.
Even as the No. 2 U.S. wireless service provider gears up for a lengthy court battle against the Justice Department, AT&T is prepared to make concessions to address concerns that the T-Mobile deal is anti-competitive and could cause wireless prices to rise.
Full story: AT&T prepares two-track plan to save T-Mobile deal