AT&T Calls Off T-Mobile Deal
AT&T recognized that the winds from Washington were not blowing favorably.
Yesterday, while in the midst of doing something else, I noticed news flashing across my screen that the AT&T had withdrawn its offer of $39 billion for T-Mobile USA. This is very big news for a number of reasons.
- It was a huge merger that would have left AT&T with 120 million customers.
- It would arguably have been bad for consumers and good for shareholders.