Justice Department Reviews Telco Practices

(Updated with comment from AT&T)

The massive consolidation of the telecom industry has attracted the attention of the Justice Department.

Antitrust regulators have started an informal inquiry into the potentially anticompetitive practices of an industry dominated by a few major players, according to The Wall Street Journal.

AT&T (T), Verizon (VZ) and Sprint (S) spent the better part of this decade pulling together other telcos like MCI, Alltel, Nextel, Cingular, AT&T Wireless, SBC, BellSouth, etc. ...