AT&T Drops $39B T-Mobile Bid
AT&T has abandoned its $39 billion bid to buy T-Mobile, Deutsche Telekom's U.S. wireless unit, after facing intense regulatory opposition. AT&T will have to find another way to address its shortage of wireless airwaves while Deutsche Telekom has to go back to the drawing board on what to do with T-Mobile USA, the struggling U.S. business it had desperately wanted to shed, Reuters wrote.
20 December 2011•4 mins read
