AT&T No Longer Wants T-Mobile
AT&T No Longer Wants T-Mobile
via: businessweek.com
Dec. 20 (Bloomberg) — AT&T Inc.’s $39 billion bid to acquire Deutsche Telekom AG’s T-Mobile USA came to an end yesterday in a phone call between the companies’ chief executive officers, according to people familiar with the matter.
“They made an unprecedented move bidding on T-Mobile and appear to have miscalculated the risks and the regulatory opposition,” said Kevin Smithen, an analyst with Macquarie Capital USA Inc.
