by Mike Masnick
Mon, Dec 19th 2011 6:58pm
This is definitely a surprise, but it looks like AT&T finally read all the writing on the wall, and realized it was unlikely to win its fight with the DOJ and FCC and has officially killed its plan to try to purchase T-Mobile... meaning that it now has to pay the $4 billion breakup fee. While the trend of where this was heading was becoming increasingly obvious over the past few months, it's still pretty shocking on the whole. Getting big mergers like this through had become pretty standard, and AT&T (especially) excelled at the political dealing to make such things work. However, the growing public outcry and concerns over the lack of competition that would result seemed to finally have had a real impact.
If you liked this post, you may also be interested in...
- Millions Annoyed As Frontier Bungles Acquisition of Verizon Customers Across Three States
- Judge Says The FBI Can Keep Its Hacking Tool Secret, But Not The Evidence Obtained With It
- House Budget Bill Guts Net Neutrality, Kills FCC Authority -- All Because The FCC Dared To Stand Up To Comcast & AT&T
- AT&T's Broadband Caps Go Live This Week And Are The Opening Salvo In An All-Out War On Cord Cutters
- Comcast, Wireless Industry Using 'Diversity' Groups To Oppose Net Neutrality, Fight Cable Set Top Box Reform