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Title: AT&T Backs Out Of T-Mobile Merger, Takes $4 Billion Hit [Report] Post by: HCK on December 19, 2011, 11:00:03 pm AT&T Backs Out Of T-Mobile Merger, Takes $4 Billion Hit [Report]
AT&T has officially backed out its proposed merger with T-Mobile. The deal has been undergoing intense scrutiny from the FCC and DOJ. A $4 billion pre-tax fee charge will be payed by AT&T as agreed upon. A partial statement provided to The Wall Street Journal: “The actions by the Federal Communications Commission and the Department of [...] http://feedproxy.google.com/~r/cultofmac/bFow/~3/YxIagO6XBh4/story01.htm |