AT&T - T-Mobile Deal Breaks Down

AT&T announced its decision to scrap its takeover of T-Mobile USA on December 19 2011. In the face of overwhelming opposition from the FCC and the Department of Justice, the company decided to abandon the US$39bn deal. BMI believes this will be a severe blow to the company, which now must pay T-Mobile US$3bn and surrender spectrum as part of the break-up agreement.

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