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Windows 7 - AT&T bows to objections, drops bid for T-Mobile
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| 12-22-2011 | #1 |
| | AT&T bows to objections, drops bid for T-Mobile I'm pretty sure there are also a lot of U.S. T-Mobile users here so I figured I'd give them a heads up of good news! XD Quote: AT&T is ending its $39 billion bid to buy T-Mobile USA, citing fierce government objections. The Justice Department sued to block the merger Aug. 31, saying it would reduce competition and lead to higher prices. Executives of the two wireless giants disagreed, but last month they took a step toward terminating the deal when they withdrew their application to the Federal Communications Commission after its chairman also opposed the merger. |
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