AT&T no longer acquiring T-Mobile, still has to pay $4 billion
Earlier this year, AT&T proudly announced that it would buy T-Mobile USA for $39 billion. Well, the deal is off now. AT&T has officially confirmed that it’s no longer acquiring T-Mo, following actions by the Federal Communications Commission and the Department of Justice to block the merger.
Deutsche Telekom (T-Mobile USA’s parent company) will receive $4 billion from AT&T in the fourth quarter of 2011 as a breakup fee. Furthermore, the two companies will enter a beneficial roaming agreement – it’s not clear if it’s internationally or just Stateside.
In case you’re wondering, Mobilize Everything (the website that AT&T and T-Mobile have put up to inform customers about the merger) now redirects to AT&T’s website.
Anyone on T-Mobile happy about the news?
Via Press release