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AT&T pulls T-Mobile Merger

S4GRU

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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.



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