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Monday, December 19, 2011

AT&T throws in the towel on T-Mobile merger

AT&T has given up. The company has officially withdrawn its plans to acquire rival wireless provider T-Mobile. As part of the agreement, AT&T will be paying handsomely for its failure to convince the government — to the tune of a $4 billion in breakup fees to Deutsche Telekom. In a statement, AT&T defiantly stood by [...]


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