Jump to content

AT&T pulls T-Mobile Merger


S4GRU

1,059 views

blog-0564974001337114103.jpg

by Robert Herron
Sprint 4G Rollout Updates
Monday, December 19, 2011 - 2:42 PM MST

 

BREAKING NEWS: AT&T is pulling out of it's merger with T-Mobile. Coincidence that the tyrannical merger dies right after North Korea's tyrannical leader? I think not!

AT&T said it had agreed with Deutsche Telekom to drop its $39 billion bid to buy the German company's U.S. wireless company T-Mobile given increasing regulatory obstacles and lawsuits attempting to block the deal.

AT&T said in a statement on Monday that it will enter a roaming agreement with Deutsche Telekom. AT&T confirmed it would take a $4 billion charge as part of the break-up of the T-Mobile merger. The companies agreed to this break-up fee when they agreed to merge past Spring. AT&T said the companies will also enter into a mutually beneficial roaming agreement.

0 Comments


Recommended Comments

There are no comments to display.

Guest
Add a comment...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

×
×
  • Create New...