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AT&T finally gives up plans to acquire T-Mobile

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By Michael Heller

Updated: Dec 20, 2011, 10:49 AM

AT&T finally gives up plans to acquire T-Mobile

AT&T has finally realized what the government has been trying to get through for a while: the T-Mobile acquisition just isn't going to happen. So, AT&T is paying the breakup fee and looking to strike a roaming deal instead.

AT&T didn't go down quietly though. In the press release concerning the company dropping its bid to buy T-Mobile, AT&T went after the US government saying that the block by the FCC and Department of Justice "do not change the realities of the U.S. wireless industry". That reality, in AT&T's view, is that there isn't enough spectrum to go around, and although AT&T called its bid to buy T-Mobile an "interim solution" to the problem, AT&T asserts that something must be done or else "customers will be harmed and needed investment will be stifled." AT&T goes on to urge lawmakers to approve its bid to acquire spectrum from Qualcomm.

Of course, had AT&T been able to sufficiently prove that theory to be true, the deal may have had a better shot of going through. As is, AT&T will pay the $4 billion breakup fee, and will enter into a roaming deal with Deutsche Telekom.

source: BGR

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Michael Heller is known for his clear and informative articles on mobile technology. He explores important topics such as the rollouts of 5G networks and the advancements in mobile payments, offering readers insights into the evolving tech landscape.