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Who didn’t see that coming? AT&T swallows $4 Billion dollar pill, ends bid for T-Mobile.
AT&T has ended its $39 billion bid to acquire T-Mobile USA from Deutsche Telecom. There was very strong opposition from the Department of Justice, Sprint and other companies which rightly said that such a merger would have a negative impact on the U.S. wireless market. The DOJ saw through the ads and smoke about the…
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Seems that Sprint has friends in high places: The US Government looks to block AT&T + T-Mobile merger
The U.S. government is taking steps to block AT&T’s deal to buy T-Mobile for $39 billion. The US says the deal would “substantially lessen competition” in the wireless market. We could not agree more. It’s already kind of a low competition now. You have AT&T, Verizon, T-Mobile and Sprint. AT&T shares fell like a rock…
