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.