AT&T to Take Hit as T-Mobile Deal Founders (sic)

Discussion in 'Off Topic Forum' started by aaf709, Nov 24, 2011.

  1. aaf709

    aaf709 Nice Guy
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    AT&T to Take $4 Billion Charge for T-Mobile Deal - WSJ.com

    NEW YORK—AT&T Inc. signaled for the first time Thursday that its $39 billion acquisition of T-Mobile USA is more likely to fail than to succeed, saying it will set aside $4 billion in this year's final quarter to cover the cost of breaking up the deal.

    The move came after Federal Communications Commission Chairman Julius Genachowski said this week he would seek a rare, trial-like hearing on the merger, a blow that would add months of arguments and another big hurdle for the controversial deal.
    AT&T and T-Mobile parent Deutsche Telekom AG responded Thursday by pulling their application for merger ...