AT&T has put an end to its $39 billion quest to take over T-Mobile Monday, announcing that it will decline to challenge the FCC’s claims that the deal would lead to fewer consumer choices, poor service and higher prices. The proposed deal with T-Mobile’s parent company, Deutsche Telekom, announced in March, was supposed to increase the company’s ability to extend service throughout the U.S., according to AT&T. The proposal was supported by some major tech players, including Facebook, Microsoft and Research In Motion.
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AT&T Wakes Up From Its T-Mobile Dream
Posted by: Rachelle Dragani December 20, 2011 11:08 AMAT&T has put an end to its $39 billion quest to take over T-Mobile Monday, announcing that it will decline to challenge the FCC’s claims that the deal would lead to fewer consumer choices, poor service and higher prices. The proposed deal with T-Mobile’s parent company, Deutsche Telekom, announced in March, was supposed to increase the company’s ability to extend service throughout the U.S., according to AT&T. The proposal was supported by some major tech players, including Facebook, Microsoft and Research In Motion.