Recently, things were not going well for AT&T's bid to acquire T-Mobile, but today things came to a hard stop as AT&T has withdrawn its offering in the face of hard objections from the government. AT&T says that it basically disagrees with the government, and that in its own view, a merger would have been a good thing for customers. “customers will be harmed and needed investment will be stifled” says AT&T in what appears to be a classic corporate answer to government adversity. With T-Mobile, AT&T would have become the largest carrier in the USA, surpassing Verizon Wireless, who currently holds the title.
Ubergizmo, AT&T Drops T-Mobile Bid
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