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AT&T Gives Up on T-Mobile Acquisition

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Dec 19, 2011, 4:53 PM   by Eric M. Zeman
updated Dec 19, 2011, 5:30 PM

AT&T today announced that it will cease attempts to purchase T-Mobile USA from Deutsche Telekom. AT&T faulted the Department of Justice and Federal Communications Commission's moves to prevent the acquisition, saying that the spectrum crisis is still coming and this deal would have helped solve some of the resulting issues. AT&T said that it remains committed to its customers and "will continue to be aggressive in leading the mobile Internet revolution." AT&T charged the government with allowing free markets to work unencumbered by policy and asked it to quickly approve its acquisition of 700MHz spectrum from Qualcomm. AT&T announced in March its intent to acquire T-Mobile USA for $39.5 billion. AT&T said it will recognize a charge of $4 billion ($3 billion in cash, $1 billion in spectrum) for the fourth quarter of the year to cover break-up fees.

more info at AT&T »

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Subject Author Date
ATT has no right to use the word "agressive"!!! Jayshmay Dec 19, 2011, 5:03 PM
Has Anyone Else Wondered this? SublimeDavid Dec 20, 2011, 2:03 AM
HAHAHA YES! ant1171984 Dec 19, 2011, 7:39 PM
Good news but DT still doesn't want T-Mo BigRed75 Dec 19, 2011, 5:46 PM
Now they Micro Merger ATTDRONEV2.5 Dec 19, 2011, 11:41 PM
I called it four weeks ago... WiWavelength Dec 19, 2011, 5:01 PM
they better stick to their threat 60dollarcarcharger Dec 19, 2011, 10:19 PM
Celebrate cwc240 Dec 19, 2011, 5:53 PM
To everyone here who said.... yarmock Dec 19, 2011, 5:41 PM
 
 
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