Business News
Report: US investigating telecoms companies
Jul 6, 2009, 18:26 GMT
Washington - US officials are looking into whether major telecom companies have abused their market power, the Wall Street Journal reported Monday.
The inquiry by the US Justice Department is not yet official and was not focused on any particular company, the Journal reported, citing people familiar with the matter.
The investigation could include deals that give certain carriers exclusive access to mobile phones, such as AT&T's rights to Apple's popular iPhone in the United States.
President Barack Obama's administration sounded a warning earlier this year that it would be taking a tougher stand on anti-competitive practices of US companies.
COMMENT
blog comments powered by DisqusLatest Headlines in Business
- 1. US unemployment drops further, but figures disappoint
- 2. Japan stocks down as euro debt outweighs positive US data
- 3. Iraq resumes oil flow after pipeline blast in Turkey
- 4. Spanish bond auction lifts eurozone worries, sinks Japan stocks
- 5. ECB holds rates, rules out early exit from emergency measures
Older Talkback
