FCC Says AT&T's T-Mobile Acquisition Not in Public Interest
AT&T-T-Mobile withdraw FCC applications; still intend to pursue merger
Well, this is interesting. AT&T has just put out a press release announcing that AT&T and T-Mobile have withdrawn their nearly 1700 pending license transfer applications with the FCC and that AT&T will book a $4 billion charge this quarter for potential break up fees owed to T-Mobile. However, the press release also states that AT&T and T-Mobile will continue to seek anti trust clearance for the merger.
Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weekend or holiday news dump like this, they do so in an attempt to bury bad news. This could be the first admission of defeat, and it would not be all that surprising if AT&T and T-Mobile were to formally call...
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Hmm, the timing of the press release -- 2:30am on Thanksgiving morning -- is odd to say the least. Usually when companies do a weekend or holiday news dump like this, they do so in an attempt to bury bad news. This could be the first admission of defeat, and it would not be all that surprising if AT&T and T-Mobile were to formally call...
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