AT&T Ends Bid to Acquire T-Mobile USA

Last time we heard about AT&T and T-Mobile was with the occasion the two were considering a joint-venture as plan B, just in case something with the merger goes wrong. AT&T has now announced that it ended the bid to acquire T-Mobile USA.

AT&T will continue to be aggressive in leading the mobile Internet revolution,” said AT&T chairman and CEO, Randall Stephenson. The initial plan was to pay $39 billion for T-Mobile’s assets but later on the Department of Justice, Federal Communications Commission, Sprint and others were laying down road bumps along the way.

To reflect the break-up considerations due Deutsche Telekom, AT&T will recognize a pretax accounting charge of $4 billion in the 4th quarter of 2011. Additionally, AT&T will enter a mutually beneficial roaming agreement with Deutsche Telekom.”

Did you predict another outcome for the story? Would you as a subscriber have preferred the merger went through?

Source: AT&T

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Anton D. Nagy
Anton is the Editor-in-Chief of Pocketnow. As publication leader, he aims to bring Pocketnow even closer to you. His vision is mainly focused on, and oriented towards, the audience. Anton’s ambition, adopted by the entire team, is to transform Pocketnow into a reference media outlet.