Monday, December 19, 2011

AT&T officially ends plans to acquire T-Mobile USA

By Till Patrik Holterhus, MLE.

As a reaction to the DOJ’s antitrust actions AT&T has now officially abandoned its plans to acquire T-Mobile USA for approx. $ 39 billion. In a news release from the 19th December 2011 AT&T said, that “after a thorough review of options it has agreed with Deutsche Telekom AG to end its bid to acquire T-Mobile USA.” Deputy Attorney General Cole (DOJ) declared in a statement from the same day, that the abandonment “is a victory for the millions of Americans who use mobile wireless telecommunications services. A significant competitor remains in the marketplace and consumers will benefit from a quick resolution of this matter without the unnecessary expense of taxpayer money and government resources.”